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 March 31, 2022, the Energy sector in Canada accounts for 16.3% of the S&P/TSX Composite index but accounts for 51.6%* of the weighted average carbon intensity of the index. As at March 31, 2023 the Fund’s weighted average carbon intensity is 52 tons of CO2e/$M* as compared to the S&P/TSX Composite Index's 245 tons of CO2e/$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.
*calculated with December 31, 2022 portfolio weights
*Source: CIBC World Markets