TD Asset Management, which operates in the US as TDAM USA, has launched a new mutual fund, called TDAM Global Sustainability Fund, for institutional investors.
The new fund seeks to achieve long-term capital appreciation by investing primarily in equity securities of companies. These companies are selected from the Dow Jones Sustainability World Index, which consists of approximately the top 10% of companies in terms of sustainability, out of the largest 2,500 companies worldwide by free-flow market capitalization, said TD Asset Management.
Robin Lacey, managing director of TD Asset Management, said: The TDAM Global Sustainability Fund offers an innovative combination of companies recognized for their leading approach to building sustainable businesses, as well as companies that are developing interesting solutions for today’s pressing environmental problems.
Thomas George, vice president and director of portfolio management at TD Asset Management, said: A portion of the portfolio will be dedicated to emerging specialists in environmental technology. The emerging environmental specialist portion of the portfolio is comprised of companies that provide innovative solutions for today’s pressing environmental problems. These solutions may represent either their core business focus or a significant and growing part of their business. The three major themes from this part of the portfolio are clean water, resource efficiency and alternative energy.
