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G&M: SRI Funds Worth Checking Out

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We promised you more coverage of SRI funds, it being RRSP season and all. But we sort of got sidetracked by the whole Interior Design Show blitz.

All the same, before the deadline passes, we thought it might be nice to mention a few funds, as mentioned by The Globe & Mail. (subscription required, but we bring you the good parts below).

Canada’s three most prominent SRI companies — Ethical Funds Company, Inhance Investment Management and Meritas Mutual Funds — all offer mutual funds with environmental components, but none are stand-alone green. But green investors can find such options elsewhere to add to their RRSP portfolio. For example, Desjardins Environmental Fund is the oldest of Canada’s green funds and has assets of $106-million…Acuity Investment Management, meanwhile, offers three purely green funds in addition to conventional investing options. Its Clean Environment funds invest in companies involved in wind and solar power, wastewater management, and clean technologies for the Alberta tar sands, for example…Another option, of course, is to invest directly in a renewable energy company. Clean Power Income Fund, which was launched in 2001 and trades on the Toronto Stock Exchange, invests solely in renewable energy, such as wind, solar, water, wood waste and landfill gas.

With more choice than ever, it’s getting easier and easier every day to go SRI’ing.



 
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