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, 2024, the Energy sector in Canada accounts for 18% of the S&P/TSX Composite index but accounts for 47.9%* of the weighted average carbon intensity of the index. As at June 30, 2024 the Fund’s weighted average carbon intensity is 68 tons of CO2e/$M* as compared to the S&P/TSX Composite Index's 239 tons of CO2e/$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. 

*based on latest available data
*Source: CIBC World Markets