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Meritas Financial selected as investment advisor on four new retirement SRI funds
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Meritas Financial Inc. has been selected as the investment advisor for four new socially responsible investment funds available through Group Retirement Services of Great-West Life and London Life. The life insurance companies have added four new SRI funds to its lineup with a balanced SRI portfolio fund, and three individual equity funds representing Canadian, U.S. and International equity asset classes. “We have seen a growing demand for funds with a socially responsible mandate from our group pension clients and prospective clients," said Bill Kyle, vice-president of Group Retirement Services for Great-West and London Life. “Adding four funds allows members to choose from a variety of asset classes based on their investment style," Kyle said, noting that many competitors offer a single SRI fund. "This offering provides an excellent solution for plan sponsors looking to respect the wishes of members who would like to align their investments with their social, ethical or environmental concerns," says Kyle. “We are very pleased with this new relationship and to be recognized as a leading provider of socially responsible investments in Canada," said Gary Hawton, CEO of Meritas Mutual Funds. Meritas Financial Inc. is devoted solely to creating and marketing socially responsible investments. Group Retirement Services is a leading provider of capital accumulation plans in Canada administering over 8,400 group retirement plans covering 400,000 members. For more information, visit www.meritas.ca.
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