The new fund fills out Franklin Templeton’s suite of liquid alternative offerings established with the acquisition of K2 Advisors in 2012.
Responsibility Goes Passive With New Calvert Index
Calvert Investments has launched the Calvert Energy Research Index, the seventh addition to its suite of responsible investing indexes.
The new index focuses on companies that either manage energy use in a sustainable manner or are actively engaged in facilitating the transition to a more sustainable economy through greenhouse emission reduction and expanded renewable energy use.
To be included in the index, companies must also satisfy minimum market capitalization and liquidity thresholds and meet Calvert’s responsible investment principles. The index will be tracked by the Calvert Global Energy Solutions Fund, which is moving from an actively managed approach to a passive strategy.
American Growth Fund Rolls Out Cannabis Mutual Fund
American Growth Fund has launched the first wholly cannabis-focused mutual fund.
The American Growth Fund, Series Two primarily uses a growth style of investing with a portfolio that is made up of common stock and convertible securities involved in at least some way in the legal cannabis business.