RRSP eligible mutual funds
There are currently over 60 responsible investment mutual funds available to individual investors in Canada through financial institutions, asset management firms, independent advisers and credit unions.
Responsible investment mutual funds generally use one or more of the following strategies: exclusionary screens, best-in-class and engagement. There is currently one sustainability-themed investment mutual fund in Canada (which qualify as impact investments) and others yet which devote a small portion of fund monies to micro-credit, a form of impact investment strategy.
Interested in knowing the names of the companies held in the different mutual funds? The top 10 or 25 holdings are readily available on investment websites such as Globe Investor or Morningstar, and also on the websites of the fund companies themselves. A full list of holdings can be found in the annual or semi‑ annual financial statements published on fund company websites. You may have to search a little, often in the legal or regulatory document section.
If you are uncertain about some of the companies included in a fund, find out whether the fund is engaging with these companies on issues of concern to you before rejecting a fund altogether. Soliciting transformation from within can be a powerful tool for bringing about positive change. Explanations of engagement strategies appear on fund company websites. You may also check the site of the Shareholder Association for Research and Education (SHARE) for a list of resolutions having been filed with companies as part of the shareholder engagement process.
For a list of responsible mutual fund companies that are RRSP eligible, click on this link: http://www.ethiquette.ca/wp-content/uploads/2015/06/Tableau_2015_FC_Placement_En.pdf