Financial services company Scotia Bank has launched the Scotia Global Climate Change Fund, in Canada, which is designed for investors who are looking for exposure to environmentally responsible companies, without compromising on returns.
The Scotia Global Climate Change Fund is advised by State Street Global Advisors' environmental, social and governance investment team led by Bill Page.
The fund's investment strategy is claimed to be long-term and designed to benefit those companies adopting technological and environmental practices that mitigate and address the implications of climate change.
The fund diversifies across nine climate themes that cover 10 economic sectors thereby 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.
Glen Gowland, managing director and head of Scotia Mutual Funds and president & CEO of SSI, said: "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."