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The Ethical Funds Company launches two new funds |
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On Oct.1, The Ethical Funds Company launched the Ethical Monthly Income Fund and Ethical Canadian Index Fund, saying they are targeted to Canadian investors who think it's important to balance their values with their investment decisions. "The launch of these funds shows our continued commitment to leading the sustainable investment marketplace in Canada," says Don Rolfe, President and CEO. The Ethical Monthly Income Fund is a balanced fund focused on providing investors with a steady flow of income, which will be paid monthly. As such, it is suitable for investors who are concerned with generating regular income without eroding capital. The Ethical Canadian Index Fund tracks the new Ethical Canadian Index. The Index matches, as closely as possible, the weightings of the individual investments within the S&P Total Return Composite Index. However, it excludes those companies that fail to meet The Ethical Funds Company's Core Sustainable Investing Values, which are assessed using their Corporate Sustainability Scorecard. In launching the funds, Rolfe cited "some significant changes to the way we approach our business," referring to a number of key strategic initiatives that the company has undertaken since he became CEO a year ago. “We have evolved the broader definition of socially responsible investing to instead focus on the sustainable corporation, believing that environmental, social, and corporate governance issues affect shareholder value in both the short and the long term," he said. "The newly launched Ethical Canadian Index will provide an appropriate tool to measure the effect of sustainability on the capital markets." He also said the company has revitalized its investment process in alignment with this long term focus. "The objective for our investment funds is to earn consistent rates of return that are above median in each of our fund categories, at consistently below-median management expense ratios," Rolfe says. "The company has re-engineered the way we mange our portfolio managers to ensure that we meet these objectives." For more information, www.ethicalfunds.com
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