Today, Kaleido Growth Inc. (“Kaleido”), a pioneer in the field of registered education savings plans (RESPs) since 1964, unveils its 2022 Sustainable Investment Report, which describes the activities of the organization and its portfolio managers in the areas of sustainable finance, environmental, social and governance (ESG) responsibility, and engagement, activities whose purpose is to help young people reach their full potential.
“Once again this year, we are proud to entrust 100 percent of our assets to portfolio managers who consider ESG criteria in their investment decisions,” says Isabelle Grenier, President and CEO of Kaleido. “The publication of this report reflects our commitment to being an agent of change in the investment world. With nearly $1.8 billion in assets under management, the sustainable investment mandates that we give our portfolio managers have a real impact on companies’ activities.”
While 2022 has seen a number of upheavals on the financial markets in general, it also marks an important milestone for Kaleido and its customers, namely the introduction of the new IDEO+ line of individual portfolios. In addition to the new IDEO+ Conservative and Adaptive portfolios, Kaleido now offers the IDEO+ Responsible RESP. Along with an adaptive investment policy that adjusts asset allocation and volatility based on the age of each child, IDEO+ Responsible also incorporates impactful investment principles with additional objectives linked to climate change and children’s well-being and education.
“With the proliferation of responsible investment offerings, it has become difficult to differentiate between relevant offerings and greenwashing,” says Ms. Grenier. “That’s why we continue to work with highly regarded managers and are proud to highlight the outstanding performance of two managers in particular, Jarislowsky Fraser and AlphaFixe Capital, which took top honours at the 2022 Great Canadian ESG Championship.”
Kaleido also continued to increase the proportion of green bonds in its portfolios in 2022, and 2023 looks promising, with the emergence of other world-class portfolio managers.
A pioneer in education savings since 1964, Kaleido is a non-profit organization that has paid out over $1 billion in educational assistance payments and saving refunds over the years. Kaleido has some $1.8 billion in assets under management on behalf of more than 236,000 young people.
Kaleido helps families in Quebec and New Brunswick give their children a leg up on future success. Every day, more than 200 employees and representatives create brighter opportunities for youth through education savings and family coaching services. For more information, visit www.kaleido.ca.
418-651-8977, ext. 2312