Manulife Investment Management announced May 4 the launch of the Manulife Climate Action Fund and Manulife Climate Action Class. They join Manulife Investment Management Global Climate Pooled Fund, which became available to institutional investors this past February.
Manulife Investment Management says these funds seek long-term capital growth by investing in organizations making positive contributions to climate change mitigation.
As of May 25, the Manulife Climate Action Fund will also be available in two Manulife Segregated fund contracts: GIF Select InvestmentPlus Series and MPIP Segregated Pools.
"Investors want their investments to generate growth and have a positive impact on the world," said Leo Zerilli, Head of Manulife Investment Management in Canada. "We recognize the benefits and opportunities arising from the transition to a low carbon economy and a healthier planet. For this reason, we strive to offer products and services that can empower customers to make their own sustainable choices and build resilience in the face of climate change."