Scotia Global Asset Management has strengthened its funds range with the introduction of a new suite that is targeted at clients seeking investment offerings with low carbon intensity.

The new Scotia Low Carbon Funds suite are said to offer a lower carbon intensity than the broader market, the company said.

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The range includes Scotia Low Carbon Canadian Fixed Income Fund, which eyes regular income as well as “modest capital gains”.

The suite also includes the Scotia Low Carbon Global Balanced Fund, which aims to generate income and seeks long-term capital growth.

Another strategy in the suite is the Scotia Low Carbon Global Equity Fund, which aims long-term capital growth.

All the vehicles have lower carbon intensity than its benchmark index, noted the company.

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Scotia Global Asset Management (Canada) head Neal Kerr said: “At Scotia Global Asset Management, we recognise that environmental, social and governance considerations are a key component of delivering long-term value to investors, which is why we embed them throughout our investment process.

“Now we have dedicated strategies for clients who are looking for investment solutions with a lower carbon footprint.”

The strategies are sub-advised by investment manager Jarislowsky, Fraser, which Scotiabank snapped up in 2018.

Scotia Global Asset Management also renamed multiple funds. These funds have started operating under the new name from the 6th of this month.

However, the investment objectives of the funds have remained unchanged.

Scotia Global Asset Management serves private as well as institutional clients through various wealth management solutions such as mutual funds, and investment solutions.