The U.S. Charitable Gift Trust, a public charity, has added new sustainable investing fund options to its donor-advised funds. The new options are managed by Calvert Research and Management, a subsidiary of Eaton Vance.
The three options include the Calvert Responsible Investing Conservative Fund, the Calvert Responsible Investing Moderate Fund and the Calvert Responsible Investing Growth Fund.
The conservative fund gives current income and capital preservation along with capital appreciation over the long term. The moderate fund gives moderate long-term capital appreciation, and the growth fund offers high long-term appreciation and current income as a secondary objective.
Vert’s First U.S. Sustainable Real Estate Mutual Fund
The Vert Global Sustainable Real Estate Fund (VGSRX) is designed to achieve long-term capital appreciation. The open-end fund buys listed real estate investment trusts (REITs) around the world using environmental, social and governance metrics.
“With Vert, individual investors and their advisors will now have access to the real estate asset class on an ESG basis,” said Dan Wheeler, an advisory board member of Vert.
Vert created the mutual fund to appeal to advisors seeking to balance their asset allocations through ESG funds, the firm said. The mutual fund uses academic research, suitable industry practices and third-party data to assess a company’s sustainability.
RBC Introduces End-Of-The-Year Changes