RBC global fund has fossil-free mandate

Morningstar Canada 28 August, 2017 | 9:00PM
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RBC Global Asset Management Inc. today announced the launch of RBC Vision Fossil Fuel Free Global Equity, which joins its rebranded suite of socially responsible funds introduced in late June.

The fund's strategy is to avoid companies that are directly involved in extracting, processing or transporting coal, oil or natural gas. It also utilizes an exclusion list based on Carbon Underground 200, maintained by Fossil Free Indexes, which identifies the top 100 coal and the top 100 oil and gas publicly-traded reserve holders globally, ranked by the potential carbon-emissions content of their reported reserves.

Like all mandates managed by RBC GAM's London-based global equity team headed by Habib Subjally, the new fund applies an integrated environmental, social and corporate governance practice, the company said in a release.

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