Canada Life Assurance Co. has launched a new package of target-date sustainable funds.
The Canada Life Sustainable Target Date Funds, which the company says are the first of their kind in the Canadian group plan market, are segregated funds that seek to invest in companies with strong ESG practices.
Investing in companies that demonstrate strong ESG practices is becoming more common important for institutional investors.
“We know our members want to invest in a way that is consistent with their values, without sacrificing returns,” he said Brad Fedorczukexecutive vice president of group accounts at Canada Life, in a statement.
Actively managed funds are advised by JP Morgan Asset Management and are available through a group variable annuity policy issued by Canada Life.
The funds are released on the target date more than two months later Canada Life has launched three balanced mutual fund portfolios.
