Two Toronto-based firms, one of which is an impact investment firm that launched earlier this year called TwinRiver Capital Group Inc., are offering a global impact fund that invests in public equities.
TwinRiver Global Impact Fund focuses on companies that are “working intentionally and proactively on making a positive social and environmental contribution,” a release said.
The release also noted that the three priority themes for the portfolio — which will consist of no more than 35 to 50 small- and mid-cap stocks from developed markets — are energy and environment, health and well-being, and inclusive economic growth.
TwinRiver Capital Group operates in partnership with Cidel Asset Management Inc. (CAM), the asset management division of Cidel Bank Canada. Eric Wetlaufer, a managing partner at TwinRiver, will manage the fund alongside CAM.
In the release, Wetlaufer said impact investing “has now moved into the financial mainstream, with more investors placing their money to work for the prosperity of current and future generations.”
The fund’s fact sheet lists fund expenses as 0.50% for series F and 1.45% for series A, and says the underlying index is the MSCI ACWI Index.