RBC Global Asset Management has launched the RBC Vision Fossil Fuel Free Global Equity Fund. The Fund is part of the suite of RBC Vision Funds introduced earlier this year.
RBC Vision Fossil Fuel Free Global Equity Fund aims to achieve long-term capital growth by investing in equity securities from around the globe, while avoiding companies directly involved in extracting, processing or transporting coal, oil or natural gas. The fund also uses an exclusion list based on 'The Carbon Underground 200'.
Socially responsible investment
"RBC Global Asset Management has offered socially responsible investment solutions to Canadian investors for more than a decade and we are proud of our leadership in this space," said Doug Coulter, President of RBC GAM, in an announcement issued Aug. 28. "We are pleased to expand the suite of RBC Vision Funds with the new RBC Vision Fossil Fuel Free Global Equity Fund."
RBC Vision Fossil Fuel Free Global Equity Fund is available to individual investors through five options: Series A; Series F; Advisor (ISC); Advisor (LL), and Series D. Management fees for the fund are 0.75 per cent for Series F, 1.00 per cent for Series D and 1.75 per cent for Series A, Advisor ISC and Advisor (LL). The fund is available to institutional investors through Series O.