Invesco expands ETF lineup with 8 new ESG funds

Invesco Canada Ltd. has added eight ETFs to its environmental, social and governance (ESG) offerings, the firm said in a release on Thursday.

The new funds, seven of which add to the firm’s existing ETFs that track ESG indexes from S&P Dow Jones Indices, are:

• Invesco S&P U.S. Total Market ESG Index ETF
• Invesco S&P U.S. Total Market ESG Tilt Index ETF
• Invesco S&P/TSX 60 ESG Tilt Index ETF
• Invesco S&P/TSX Composite ESG Tilt Index ETF
• Invesco S&P 500 ESG Tilt Index ETF
• Invesco S&P International Developed ESG Index ETF
• Invesco S&P International Developed ESG Tilt Index ETF
• Invesco ESG Global Bond ETF

The actively managed Invesco ESG Global Bond ETF applies the same screening methodology as the existing Invesco ESG Canadian Core Plus Bond ETF, the release said. Both seek to deliver interest income and growth potential through ESG fixed-income allocations.

With these new funds, Invesco now offers 13 ESG ETFs in Canada.

“Our clients tell us that ESG-focused products have become a key component of building diversified portfolios, and we are committed to further expanding our ESG offerings,” said Pat Chiefalo, Invesco senior vice-president and head of ETFs and index strategies for Canada, in the release. “Invesco will continue to dedicate resources and employ our in-house expertise to create new ESG ETFs that can help clients meet their desired investment outcomes.”

Also on Thursday, Tangerine Investment Management Inc. added four socially responsible global portfolios that hold a diversified mix of Scotia Responsible Investing ETFs.

The funds exclude companies based on socially responsible criteria — such as carbon intensity and gender representation — to align with clients’ values and investment priorities, a release said.

The portfolios, offered in partnership with Scotia Global Asset Management, each have a management fee of 0.55%.

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