FGP Canadian Ex-Energy Equity Fund
To continue to meet the evolving needs of institutional investors, we launched the FGP Canadian Ex-Energy Equity Fund in early 2021 for investors looking to achieve a lower carbon footprint. The fund’s underlying investment strategy, which has been in place since June 2018, provides investors with our firm’s stock picking experience gained during over 40 years managing Canadian equities, all while excluding the Energy sector (as defined by the GICS classification).
As at December 31, 2020, the Energy sector in Canada accounts for 12.5% of the S&P/TSX Composite index but produces 2.9 times the weighted average carbon intensity of this index. As at June 30, 2021 the Fund’s weighted average carbon intensity is 60 tons of CO2e/$M* as compared to the S&P/TSX Composite Index's 346 tons of CO2e/$M.
As a signatory to the Principles for Responsible Investment (PRI) since 2017, Environmental, Social and Governance (ESG) factors are integral parts of our investment process. In 2020, FGP was recognized with summary scores of A across all modules in the assessment report released by the PRI - see the table below.
You can read full details about the FGP Canadian Ex-Energy Equity Fund by clicking on the image below.
*calculated with June 30, 2021 portfolio weights