The Green Century MSCI International Index Fund has been launched today by Green Century Capital Management (Green Century). The fund is the first fossil fuel free international index fund available to U.S. investors.
The fund will seek to achieve long-term total return through investment in large and mid-cap stocks from approximately 22 Developed Market (DM) countries across the globe that have outstanding Environmental, Social, and Governance (ESG) factors.
The Fund will invest in stocks included in the MSCI World ex USA SRI ex Fossil Fuels Index; a custom index calculated by MSCI, Inc., a leading global index provider. Northern Trust Investments will serve as the subadvisor for the Fund. The MSCI World ex USA SRI ex Fossil Fuels Index is comprised of the common stocks of approximately 239 companies in the Index, minus the stocks of fossil fuel companies.
“With the launch of the new Fund, we are expanding the ways in which we help our investors make a tangible impact through the power of their investments,” Leslie Samuelrich, President of Green Century Capital Management said. “In addition to providing our investors the opportunity to make a difference on issues such as climate change, sustainable agriculture, and forest protection outside the U.S., the new Fund can help investors diversify their portfolios,” Samuelrich added.
With the launch of the new Fund, we are expanding the ways in which we help our investors make a tangible impact through the power of their investments.
The Green Century MSCI International Index Fund, like Green Century’s Equity and Balanced Funds, invests in the stocks of companies selected based on a thorough review of ESG factors and includes those companies believed to have the best overall sustainability records. The Fund will also not invest in companies that produce genetically modified organisms (GMOs), civilian firearms, military weapons, nuclear power or tobacco.
For more than 25 years, Green Century has been providing individuals and institutions the opportunity to invest responsibly for themselves, their families and the future. By investing in companies that protect the environment and promote fair and equal rights, Green Century delivers investment opportunities that align with its investors’ values, and seeks to avoid the potential financial risks of investing in companies that employ dangerous, unethical, and environmentally harmful practices.
To learn more about Green Century’s sustainable investment strategy, advocacy efforts, and how you can make an impact with the power of your investments, please visit the Why Choose Green Century webpage or call 1-800-934-7336