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, 2023, the Energy sector in Canada accounts for 17.1% of the S&P/TSX Composite index but accounts for 48.9%* of the weighted average carbon intensity of the index. As at December 31, 2023 the Fund’s weighted average carbon intensity is 61 tons of CO2e/$M* as compared to the S&P/TSX Composite Index's 225 tons of CO2e/$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. The PRI most recently gave FGP’s responsible investment approach higher scores than the median of our peers across every module reviewed 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.
*based on latest available data
*Source: CIBC World Markets