Finance
Investors in Canada Turn to Sustainable Investing Amid Protests
- Inflows into ESG funds is soaring in wake of virus, protests
- New products are giving investors more vehicles to choose from
This article is for subscribers only.
Sustainable investing is exploding in Canada as the coronavirus and an anti-racism movement highlight long-standing social inequalities.
Net inflows into Canadian exchange-traded funds that track companies focusing on environmental, social and governance factors has surged to C$740 million ($544 million). That has already outstripped the C$200 million invested in 2018 and the C$142 million last year, excluding seed capital, according to TD Securities Inc. With 15 new ESG products launched in Canada this year, investors now have 38 ETFs focused on impact investing to choose from.