Canadian RI assets surpass $1 trillion
www.investmentexecutive.com | Posted January 22, 2015 14:20
By Fiona Collie
Responsible investing is quickly gaining more ground in both the retail and institutional sectors of the financial industry, according to a biennial report by the Responsible Investment Association (RIA) released on Thursday.
Assets under management (AUM) using RI strategies rose by 68% in Canada between Dec. 31, 2011 and Dec. 31, 2013 when they reached $1.01 trillion, according to the 2014 Canadian Responsible Investment Trends Report. The report is sponsored by Royal Bank of Canada. The growth over the past two years is such that RI AUM now accounts for 31% of the Canadian investment industry.
“There’s momentum building in Canada and globally and it’s very exciting,” says Deb Abbey, CEO of the RIA. For example… read more>