The Ethical Funds Company launches new global dividend fund

    Ethical Global Dividend Fund responds to investor demands for global

    VANCOUVER, Sept. 27 /CNW/ - The Ethical Funds Company will launch the
Ethical Global Dividend Fund on October 23, pending regulatory approval. This
new fund offers investors a global stock fund that can reduce volatility,
deliver monthly income, and diversify portfolios.
    The launch of the Ethical Global Dividend Fund fills investor demand for
monthly income from global investments in a socially responsible mandate. This
demand is twinned with the reality of a growing segment of the population who
want dividend income.
    "More and more Canadians are looking globally for their investments and
want to generate tax-efficient income with capital gains as well," said Don
Rolfe, President and CEO of The Ethical Funds Company. "The launch of the
Ethical Global Dividend Fund will fulfill this demand and at the same time
give investors the peace of mind that environmental, social and governance
factors are taken into consideration."
    The Ethical Global Dividend Fund will be managed by Toronto-based fund
manager, Beutel Goodman & Company Ltd. Beutel Goodman has an exceptional
record of performance managing dividend-paying stocks and foreign equities.
    "Our firm strongly supports socially responsible investing and takes
great pride in being chosen to manage this fund by The Ethical Funds Company,"
said William Ashby, President of Beutel Goodman.
    The Ethical Global Dividend Fund will adhere to Beutel Goodman's value
investing philosophy and will focus on 30-40 dividend-paying stocks in global
companies, which can grow both earnings and dividends.
    The new Fund joins The Ethical Funds Company's award-winning line-up of
socially responsible mutual funds, including the Ethical Canadian Dividend
Fund and the Ethical Special Equity Fund.
    The launch of the Ethical Global Dividend Fund will further grow the
Canadian socially responsible investment industry, which has already hit
record highs this year. According to the Social Investment Organization,
socially responsible investment assets in Canada now stand at more than

    About The Ethical Funds Company

    Launched in 1992, The Ethical Funds Company is Canada's leading manager
of socially responsible mutual funds. In addition to evaluating all
investments according to their financial, social and environmental performance
and outlook, The Ethical Funds Company promotes corporate accountability -
making good companies better - and gives investors a voice in encouraging
sustainable business practices.

    (TM)The Ethical Funds Company is a trademark owned by Ethical Funds Inc.

For further information:

For further information: Jane Mitchell, Public Relations, The Ethical
Funds Company, Tel: (604) 714-3843,

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