Home Breadcrumb caret Industry News Breadcrumb caret Industry iA Clarington SRI fund suite no longer investing in fossil fuel companies The four mutual funds and three all-in-one portfolio solutions are subadvised by Vancity By Staff | November 12, 2019 | Last updated on November 12, 2019 1 min read © Leonid Ikan / 123RF Stock Photo All of the funds in the iA Clarington Inhance SRI suite are now fossil-fuel free, Toronto-based iA Clarington Investments Inc. said Tuesday. The iA Clarington Inhance SRI lineup, subadvised by Vancouver-based Vancity Investment Management Ltd. (VCIM), consists of four standalone mutual funds and three all-in-one portfolio solutions. The new fossil fuel mandate ensures that none of the stated funds will invest in oil, gas and coal producers, pipeline companies, natural gas distribution utilities or liquefied natural gas operations, the firm said in a release. The mandate is a continuation of an effort that began in 2015, when the portfolio management team divested from all fossil fuel and heavy oil producers in three other fund classes. “Climate change is arguably the greatest challenge of our time, and VCIM believes investment decisions can meaningfully advance the goal of mitigating the most dangerous consequences of human interference in the climate system,” said Andrew Simpson, portfolio manager at VCIM, in a statement. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo