Canadian fintech leader targets socially conscious investors, launches responsible investment portfolio options
TORONTO, March 22, 2016 /CNW/ - Wealthsimple, Canada's leading online investing service, announced they have launched responsible investment portfolios.
In recent years, the demand for clients looking to align their values with their investments has increased dramatically. SRI has grown tenfold over the past 20 years—there are now $22 trillion in assets worldwide in SRI funds. In Canada alone, SRI accounts for 20% of all financial assets.
This will uniquely position Wealthsimple as one of the only online platforms in Canada offering socially responsible portfolios.
"We're committed to providing innovative investing solutions to our clients, including socially responsible options," says CEO and Founder Michael Katchen. "We're thrilled to help Canadians feel good about their investments morally, as well as financially."
The SRI portfolio is meant to serve as a potential substitute for a conventional Wealthsimple portfolio, spotlighting a best in-class, diversified investment strategy. The selected ETFs prioritize low carbon emissions, advance cleantech innovation, and promote sustainable growth in emerging markets. Options will include investments in the iShares MSCI ACWI Low Carbon Target ETF; iShares Jantzi Social Index ETF; Vident International Equity Fund; PowerShares Cleantech Portfolio; and BMO Mid Federal Bond Index ETF.
Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. Founded by a team of financial experts and technology entrepreneurs, Wealthsimple is currently registered and operating in every Canadian province and territory. Wealthsimple is backed by Power Financial Corporation, a publicly-traded management and holding company. To learn more, visit www.wealthsimple.com. Follow us on Twitter: @Wealthsimple
Image with caption: "Introducing Wealthsimple's Socially Responsible Investing Portfolio, helping you do well by doing good (CNW Group/Wealthsimple)". Image available at: http://photos.newswire.ca/images/download/20160324_C1070_PHOTO_EN_649931.jpg
For further information: Mallory Greene, (905) 751-6532, [email protected]