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The Ethical Funds Company in Something Directory

 

The flagship Ethical Growth Fund was launched in 1986. At that time, it was the only socially responsible mutual fund available in Canada. Despite skepticism in the mainstream financial community, the Ethical Growth Fund proved popular with credit union members. Available only to a local market, the Fund attracted $10 million in its first year, far surpassing the $3 million target. The Fund soon went national (except Quebec) and assets climbed quickly. Faced with deregulation of the financial services industry in the early 1990s, credit unions needed more financial products to compete with bank products. Credit Union Central of Canada responded by forming The Ethical Funds Company Inc. in 1992. Along with the Ethical Growth Fund, Credit Union Central of Canada purchased four more small investment funds owned by individual credit unions, expanding the product line to five socially responsible Funds. Fourteen Funds have since been added to the family.

 

Address: Suite 800 - 1111 West Georgia Street Vancouver, BC V6E 4T6 Canada
Website: http://www.ethicalfunds.com/