Sun Life Asset Management (SLGI) has launched a sustainable fund, that will invest in global sustainable infrastructure, focusing primarily on water and food infrastructure and technological advances in renewable energy.
The Sun Life KBI Sustainable Infrastructure fund has been co-launched with the Sun Life MFS U.S. Mid Cap Growth Fund, which aims to meet advisor demand for US midcap stocks.
Oricia Smith, president at SLGI Asset Management and senior-vice present, investment solutions at Sun Life Canada said: "At SLGI Asset Management, we're proactively seeking new ways to become more sustainable across all facets of our organization.”
"There is an intersection of sustainable investments and investment opportunities that are financially beneficial for investors. Launching the Pool broadens our platform of investment solutions available to Clients. It also builds on our commitment to investing strategies that drive long-term sustainable outcomes while helping investors build wealth and secure their financial future,” said Smith.
The firm stated its investment philosophy involves looking at investments through an ESG lens, which it claimed can lead to “superior financial results over the long term”.
Social responsibility has been a key focus for Sun Life. Recently it announced it joined the Net Zero Asset Managers initiative, an international group of asset managers representing $47trn in assets.
Wells Fargo recently joined the alliance in October, alongside Canada’s ‘Big Six’, which includes The Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, and TD Bank.