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Acuity Funds unveils Canadian SRI pooled fund
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Acuity Funds Ltd. has launched a socially responsible Canadian equity pooled fund aimed at high net worth investors. The fund, called the Acuity Pooled Social Values Canadian Equity Fund, was launched Dec. 31. Although the company has long experience in managing socially responsible mutual funds through its Clean Environment and Social Values lines of funds, the new fund is the company's first socially responsible pooled fund. The fund is managed by Acuity Investment Management with the social research being done by Michael Jantzi Research Associates Inc. The social criteria upon which the companies are evaluated include excellence in environmental management, positive labour relations, involvement in promoting human rights in other countries and the avoidance of nuclear power, weapons, alcohol or tobacco as major sources of revenue. Stephen Crawford, National Sales Manager of Acuity Funds Ltd., notes that "it is a natural to combine what we view to be two of the fastest growing areas in financial services - socially responsible investing and high net worth investing. It is a natural fit , as many high net worth clients are requesting social screening in addition to regular financial analysis for their investments." The Pooled Fund is subject to minimum investment requirements set up by each province under the sophisticated or accredited investor rules. For more information contact Acuity at 1-800-461-4570.
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