What are mutual funds?
A mutual fund is a registered investment company that pools funds from many investors for the purpose of investing in securities such as stocks, bonds and similar assets. Mutual funds are operated by professional money managers who attempt to achieve certain investment objectives as stated in the fund’s prospectus. You can buy or sell mutual funds at any time. consult this document produced by the Canadian Securities Administrators. There are currently over 60 responsible investment mutual funds that are available to individual investors in Canada through financial institutions, asset management firms, independent advisors and credit unions.
What are the strategies used by RI mutual funds?
Responsible investment mutual funds generally use one or some of the following strategies: exclusionary screens, Best-in-Class and engagement. There are some thematic investment funds in Canada (which qualify as impact investments) and some funds also devote a small portion of the money in the fund to micro-credit (a form of the impact investment strategy).
Click here to view existing RI mutual funds products in Canada and the strategies they use.