New suite offers diversified exposure to high-quality investments with lower carbon intensity than broader market
Investors are getting new ESG asset-allocation fund options with the launch of a new suite of funds from Scotia Global Asset Management.
“At Scotia Global Asset Management, we recognize that environmental, social and governance considerations are a key component of delivering long-term value to investors, which is why we embed them throughout our investment process,” Neal Kerr, head of Scotia Global Asset Management in Canada, said in a statement. “Now we have dedicated strategies for clients who are looking for investment solutions with a lower carbon footprint.”
The Scotia Low Carbon Funds promise diversified exposure to high-quality investments while having lower carbon intensity than their respective benchmark indices. Covering a spectrum of investment objectives from income to capital growth, the funds include:
- Scotia Low Carbon Canadian Fixed Income Fund – designed to generate regular income and modest capital gains, with below-benchmark carbon intensity;
- Scotia Low Carbon Global Balanced Fund – designed to generate income and long-term capital growth, with below-benchmark carbon intensity; and
- Scotia Low Carbon Global Equity Fund - designed to provide long-term capital growth, with lower carbon intensity than its benchmark index.
The funds are sub-advised by Jarislowsky, Fraser Limited, an investment manager acquired by Scotiabank in 2018. With a reputation for investment stewardship and adherence to higher-quality investing, long-term horizons, and fundamental research, Jarislowsky Fraser has a successful track record managing similar mandates as it promotes the advancement of sustainable investing.
Scotia Global Asset Management also announced name changes to a number of ScotiaFunds that took effect on November 6. The changes, which were applied across all existing series of the funds, include:
