Scotia Securities has launched a new global socially responsible investment fund aimed at investing in environmentally responsible companies.

Scotia Securities launched the new fund, called the Scotia Global Climate Change Fund, Feb.4.

"Global climate change is a reality that has the potential to impact the way we live, the companies where we work and the way in which we invest our money, " said Glen Gowland, Managing Director and Head, Scotia Mutual Funds and President and CEO SSI.  "Companies that are positioning themselves as leaders in recognizing and addressing the effects of climate change present a solid and sustainable investment base that will be less affected by the future impacts of a changing environment."

The fund is advised by the environmental social and governance team at State Street Global Advisors.

The fund diversifies across nine climate themes that cover 10 economic sectors, enabling the fund to capitalize on a broad scope of opportunities while reducing the risk associated with investments in only one or two of these areas.  The nine climate themes are: Clean Fuels, Clean Technology and Efficiency, Efficient Transport, Environmental Finance, Power Technology, Power Merchants and Generation, Renewable Energy, Sustainable Living and Water.

More information is available at:

http://www.newswire.ca/en/releases/archive/February2008/04/c5741.html

Back to news and archives