Toronto-based Mackenzie Financial Corp. has launched an environmental equity fund for investors and advisors seeking sustainable investment solutions, the firm announced Wednesday.
Mackenzie Global Environmental Equity Fund will exclusively invest in companies working to improve the global environment. The fund will be sub-advised by Toronto-based Greenchip Financial, which “focuses on companies that supply products and services needed in both the global energy transition from fossil fuels to renewables and from inefficient-to-efficient use of resources,” Mackenzie says in a news release.
“Sustainable, responsible and impact investing continues to grow in popularity in Canada, but there are limited investment options,” Barry McInerney, Mackenzie’s president and CEO, says in a statement. “We are proud to work with sub-advisor Greenchip Financial to launch Mackenzie Global Environmental Equity Fund, a new and exciting option for investors.”
“This great energy transition is driving an incredible investment opportunity,” John Cook, Greenchip president and CEO, says in a statement. “We believe the demand for companies that Mackenzie Global Environmental Equity Fund invests in will increase, as resource and environmental issues become more challenging.”
The fund joins Mackenzie’s responsible investment offering, which already includes funds focused on global sustainability and women in leadership.