IG Wealth launches four climate-focused portfolios

IG Wealth Management has introduced new portfolios to help clients who want to address the risks tied to climate change.

A suite of four managed solutions, called the IG Climate Action Portfolios, aims to provide clients with the opportunity to both support and take advantage of the global transition to net-zero emissions, the Winnipeg-based firm said on Monday. 

The new portfolios are the:

• IG Climate Action Portfolio – Global Fixed Income Balanced, with an annual management fee of up to 0.60%; 
• IG Climate Action Portfolio – Global Neutral Balanced, with an annual management fee of up to 0.65%; 
• IG Climate Action Portfolio – Global Equity Balanced, with an annual management fee of up to 0.70%; and
• IG Climate Action Portfolio – Global Equity, with an annual management fee of up to 0.75%.

The portfolios will invest in both equity and fixed-income securities that aim to reduce climate risk, or at least benefit from opportunities associated with climate change or the transition to a net-zero emissions global economy, a release said.

Additionally, as part of their strategies, the portfolios will focus primarily on companies that are best-in-class when it comes to climate policies and/or have exposure to green transition initiatives, lower carbon intensive sectors, or climate-focused stewardship practices.

“We expect the global shift to a net zero emissions future to present extraordinary investment opportunities as economies refocus their efforts to dramatically reduce greenhouse gas emissions,” said Damon Murchison, president and CEO, IG Wealth Management. 

Maddie Johnson

Maddie is a freelance writer and editor who has been reporting for Advisor.ca since 2019.