Recognising that sustainability is now a key consideration for investors, Scotia Global Asset management have recently launched three sustainable funds geared towards institutional and high net worth clients. The three funds - Scotia Sustainable Global Corporate Bond Fund, Scotia Sustainable Global Equity Fund and Scotia Sustainable Emerging Markets Equity Fund - are sub-advised by Jarislowsky, Fraser Limited (JFL Global Investment Management), an investment management firm with extensive experience in sustainable investing.
Each fund has been designed to offer investors the chance to obtain growth from a diversified portfolio of high-quality businesses, with material environmental, social and governance (ESG) factors integrated into the investment decision-making process.
Scotia Sustainable Corporate Bond Fund is designed to generate income and preserve wealth by investing in high-quality global corporate bonds, while Scotia Sustainable Global Equity Fund is designed to provide capital appreciation by investing in the equity securities of companies around the world. Scotia Sustainable Emerging Markets Equity Fund is designed to provide capital appreciation by investing in the equity securities of companies in, or that have exposure to, emerging markets.
Raquel Costa, Senior Vice President of International Wealth Management, Scotiabank, explained that they looked to create value for their clients by bringing innovative products to each of the markets leveraging their global expertise.
“We recognise that ESG considerations are a key component of delivering long-term value to investors,” she said.
Mario Causarano, Regional Wealth Management Head, Caribbean, Central America & Uruguay, International Wealth Management, Scotiabank, underscored the growing importance of sustainability for investors:
“Sustainability is becoming a central part of decision-making for consumers, businesses and governments. Now we have these dedicated solutions for investors and advisors who want a forward-thinking, diversified portfolio of high-quality businesses and robust risk management,” he advised.
The Funds are sub-advised by JFL Global Investment Management, which was bought by Scotiabank in 2018, and is one of Canada’s premier investment management firms and a signatory to the United Nations-supported Principles for Responsible Investment. Scotia advised that JFL Global Investment Management’s long-established history and culture of investment stewardship saw the investment firm focus on higher-quality investing, fundamental research, a long-term investment horizon and the advancement of good governance and sustainable investing.