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Calvert Steps into Canada

The Calvert Group of Bethesda, Md., has announced that it will provide research and screening advice to a new fund offered by Acuity Investment Management of Toronto.

Acuity Investment Management is the investment adviser to 22 funds in three families of funds as well as pension, institutional and private clients. The firm has a total of $925 million in assets under management.

Calvert will provide information and advice about the fund's investments with respect to socially responsible investing criteria for the Acuity Social Values Global Equity fund, the company announced.

Calvert has been trying to build its research and analysis services business, said Elizabeth Laurienzo, a spokesperson for the firm. This is the first Canadian fund for which Calvert has provided such services, she said. The firm began offering research and analysis for firms offering socially-responsible funds in June, 1999. It provides research and analysis for five firms including Acuity, she said.