Launch of New FundX Sustainable Impact Fund Brings Momentum to ESG Investing
31 Mar, 2017, 09:15 ET
SAN FRANCISCO, March 31, 2017 /PRNewswire/ -- FundX Investment Group announced today that it has launched the FundX Sustainable Impact Fund (Ticker: SRIFX).
The new fund seeks to help investors own funds with strong returns and robust environmental, social and governance ("ESG") standards.
"We designed the Sustainable Impact Fund to help investors build wealth and a better world," said FundX President Janet Brown. "Our goal is to help investors meet lifelong investment goals and make a difference."
FundX Investment Group, a registered investment advisor, was one of the first firms to manage money using no-load funds in 1969. In addition, they have offered their clients portfolios of self-identified sustainable or socially responsible funds for over two decades.
"The Sustainable Impact Fund uses the same momentum-based Upgrading approach that we've used for nearly 50 years, and it also seeks to capitalize on new tools that evaluate the ESG impact of mutual funds," Brown said.
Previously, investors were limited to self-identified sustainable or socially responsible funds. Morningstar estimates that these funds make up just 2% of the fund universe. Today, there are ESG ratings for thousands of funds and ETFs, which gives investors many more funds to choose from.
FundX's approach differs from other strategies in three ways. First, it focuses on diversified mutual and exchange traded funds (ETFs), rather than individual stocks. Second, it employs the firm's time-tested, momentum-based Upgrading approach to target funds with strong recent returns. Lastly, it uses ESG ratings to screen for funds that have scored highly on environmental, social and governance criteria.
ABOUT FUNDX INVESTMENT GROUP
Founded in 1969, FundX Investment Group uses its Upgrading approach to manage over $800 million in assets in individual and institutional client accounts. Since 1976, FundX has published the highly regarded investment newsletter, NoLoad FundX. FundX also manages the Upgrader Funds, a family of noload funds. For more information, please visit www.fundx.com. FundX Investment Group – Because Markets Change.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 866-455-3863, or visiting www.upgraderfunds.com/. Read it carefully before investing.
While the funds are no-load, management fees and other expenses will apply.While the Funds are no-load, management fees and other expenses will apply. While the Funds are no-load, management fees and other expenses will apply.
Mutual fund investing involves risk. Principal loss is possible. The Sustainable Impact Fund's sustainable impact investment policy, which incorporates an analysis of environmental, social and corporate governance factors, may result in the Fund foregoing opportunities to buy certain Underlying Funds when it might otherwise be advantageous to do so, or selling its holdings in certain Underlying Funds for sustainable impact investment reasons when it might be otherwise disadvantageous for it to do so. The FundX Upgrader Funds ("Funds) are considered "funds of funds" and an investor will indirectly bear the principal risks and its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than they would if they invested directly in the underlying funds. The Funds employ an "Upgrading" strategy whereby investment decisions are based on near-term performance, however, the Funds may be exposed to the risk of buying underlying funds immediately following a sudden, brief surge in performance that may be followed by a subsequent drop in market value. The Funds invest in underlying funds and these underlying funds may invest in securities of small companies, which involve greater volatility than investing in larger, more established companies, or they may invest in foreign securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods; these risks are greater for investments in emerging markets. Some underlying funds may use derivatives, which involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. The underlying funds may engage in short sales; an underlying fund's investment performance may suffer if it is required to close out a short position earlier than intended. Some underlying funds may borrow money for leveraging and will incur interest expenses. The Funds employ an "Upgrading" strategy whereby investment decisions are based on near-term performance, however, the Funds may be exposed to the risk of buying underlying funds immediately following a sudden, brief surge in performance that may be followed by a subsequent drop in market value.
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