Staff
SEI Investments Canada Company (SEI Canada) is introducing new classes and making other changes to a selection of mutual funds.
The asset management firm will launch a new class of FC units for its Canadian Fixed Income Fund, Emerging Markets Equity Fund and International Equity Fund, allowing for “additional options [for] SEI Canada’s cost-efficient fee-based offering,” a release said.
At the same time, the firm is closing classes of multiple funds, with more details expected in preliminary and pro forma prospectus filings. The closures will impact class I and R units of 20 products, including equities, bond and income funds.
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January 19, 2021 7:17 AM newsfeedback@fool.com (Catherine Brock)
Posted:
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January 21, 2021 8:22 AM
As it turns out, investing for good can be profitable too. That’s the story behind the amazing rise in ESG investing over the last several years. Investors are flocking to ESG (environmental, social, and governance) funds in particular, dumping a net $97 billion into ESG ETFs and sparking the launch of some 200 new ESG ETFs in 2020 alone.
Why have ESG funds become so popular? During market contractions in 2018 and 2020, companies with solid ESG track records showed more resilience than their non-ESG peers. Even better, that resilience doesn’t come at the expense of performance in the good times. As a broader point of comparison, the S&P 500 ESG index has outperformed the standard
Human Rights
Some of the first China-related actions next year could be related to human rights front, including China’s treatment of Uighurs in Xinjiang and China’s crackdowns on Hong Kong.
Among the first measures could be passage of the Uyghur Forced Labor Protection Act, which has already passed the House and awaits a vote in the Senate. The legislation could impact everything imported into the U.S. that is made in Xinjiang or in facilities with so-called pairing agreements where Uyghur workers are often moved between factories, says Anna Ashton, vice president of government affairs for the U.S.-China Business Council.