Acuity Funds Ltd.
has introduced two new socially responsible funds a Canadian equity
fund and a global equity fund.
Acuity, which manages $925 million in assets through Acuity Mutual
Funds, Clean Environment Funds and Acuity Pooled Funds, announced on
Nov. 13 that it is adding two new socially responsible funds to its
stable.
The funds will positively screen for progressive workplace,
environmental and human rights practices, and will screen out
companies that draw a major source of their revenue from nuclear
power, weapons, alcohol or tobacco.
"Acuity is proud to bring socially responsible investment to
Canadian investors and thereby provide opportunities to satisfy both
their financial goals and social values," said Ian Ihnatowycz,
President and CEO of Acuity Funds. Acuity has contracted with
Michael Jantzi Research Associates (MJRA) to provide information on
the environmental, labour and social performance of Canadian
companies and Calvert Group to provide information on foreign
companies.
"We are certainly pleased to work with two of the most
reputable socially responsible investment authorities," said
Ihnatowycz.
The Acuity Social Values Canadian Equity Fund seeks to achieve
long-term capital growth by investing in a diversified portfolio and
large-sized Canadian companies.
The Acuity Social Values Global Equity Fund seeks to achieve
long-term capital growth by investing in a globally diversified
portfolio of large-sized companies. This fund will also target up to
three per cent of its assets to support the growth of
community-based organizations that promote business creation,
housing development and the economic and social development of urban
and rural communities.
For more information, visit Acuity
Funds Ltd.
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