To answer the growing clamour for investments that not only offer competitive returns but also an avenue to support social causes, Mackenzie Financial Corporation rolled out two new products: the Mackenzie Global Sustainability and Impact Balanced Fund and the Mackenzie Global Leadership Impact Fund.
One of the aims of the Mackenzie Global Sustainability and Impact Balanced Fund is to deliver risk-adjusted returns whilst avoiding investment in issuers with weak ESG practices.
Meanwhile, the Mackenzie Global Leadership Impact Fund has a specific focus on investing in companies that promote representation in women in executive management and on board of directors. The Fund invests in firms which are signatories to the Women's Empowerment Principles.
It allows investors an opportunity to advocate for the advancement of women leadership roles whilst gunning for lucrative returns and long-term capital expansion.
A recent survey of investors conducted by Environics Research revealed that over 3 in 5 investors agree that investing in funds that promote sustainability and responsibility will be a vital part of their portfolio.
"These new products provide options that take into consideration important environmental, social and governance criteria, including the representation of women in the corporate world," Mackenzie Investments
senior vice president Michael Schnitman said, noting that Canadian investors are ready to impact positive social change and want to use their wallets to influence decision making.
Both funds will be available for purchase on 16 October.
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