ELFEC’s board of directors recently made the decision to transfer management of our investment portfolio to Fiera Capital . There were two primary considerations in the decision process: generation of sound financial returns; and execution of our commitment to Responsible Investment. Each of the firms that made our short list demonstrated the capacity to do both, and each had strengths that convinced the board that they could do a good job for us. Both the investment committee and the board engaged in a thorough analysis before coming to the conclusion that Fiera offered the best option for us now. All of us here are excited by the possibilities the new relationship will offer to us and our investment partners. Sincerely, Jeff Pym, ELFEC Executive DirectorRead more
Latest News
Posted: October 16, 2019
Q3 2019 saw engagement with 10 companies held within our portfolio. Themes discussed included Climate Transition, Human Rights and Decent Work. A full report by company is available here .Read more
Posted: October 2, 2019
Missed the Webinar? A link to the recording is: https://recordings.join.me/ReK4bTY-AEuhCjTDD73Yqg Did you know that by transferring publicly traded securities to our congregation or another charity, you will experience a greater tax advantage than by donating the same amount in cash? To take advantage of the tax benefit, the donation has to be in-kind – meaning there is a transfer of the shares themselves. We invite you to find out more about making donations of securities to your congregation, both now or later in your will. Learn more by joining us for an informative half-hour webinar on Tuesday, November 5, 2019 at 2:30 pm EDT. During the webinar, you will hear from Bill Gastmeier, who makes regular gifts of securities to his congregation and the impact of this for both him and his congregation. You will also find out how ELFEC can help you and your congregation manage this transfer of securities in a smooth and simple manner. To register for this webinar, simply send an email to Krista at kkuehnbaum@elfec.ca .Read more
Posted: July 17, 2019
Q2 2019 saw engagement with 11 companies held within our portfolio. Themes discussed included Accountable and Effective Governance with significant progress made with SmartCentres REIT and positive dialogue with Enbridge with both themes of Investing in a Just Transition and Investing in Reconciliation. A full report by company is available here .Read more
Posted: April 29, 2019
Q1 2019 saw engagement with 7 companies held within our portfolio. Themes discussed included Investing in a Just Transition with significant progress made with Fortis Inc and positive dialogue with Algonquin Power & Utilities Corp. Other themes included investing in decent work and human rights. A full report by company is available here .Read more
Posted: April 12, 2019
We've just made it easier for congregations like yours to access professional investment management for money you have set aside for the future . Our new Small-Cap Managed Fund allows you to invest amounts as small as $25,000 with ELFEC while retaining ownership of your assets. Now there's a way to invest congregational funds other than bank accounts and Guaranteed Investment Certificates. For a decade, congregations have been able to open a Managed Fund with a minimum of $50,000, and more than 30 have done so. Now the Small-Cap Fund, with most of the same features as its older sibling, gives more churches the opportunity to apply their social and environmental values without sacrificing investment returns. And if your investments grow to exceed $50,000, you can migrate to the Managed Fund easily and without penalty. For full features of the two funds, please click here . Want to know more? You're invited to participate in a half-hour webinar at noon, EDT on May 10. Krista Kuehnbaum, our Director of Finance and Marketing, will review all the features of the Small-Cap Fund and answer your questions. To register for the webinar, email Krista at kkuehnbaum@elfec.ca . And if you can't wait that long to get more information, call or drop us a line any time. Webinar Details: A recording of webinar is available at https://recordings.join.me/r7ceTT-iJkO-6OAt-_Rz_Q Copy of Presentation When: Friday May 10, 2019 12pm - 12:30pm EDT Register: email Krista at kkuehnbaum@elfec.caRead more
Posted: April 1, 2019
We are very excited to announce enhancements to our Managed Partner Program, we are now offering congregations the opportunity to partner with us in a Small-Cap Managed Partner Fund. ELFEC offers congregations and faith-based charitable organizations the opportunity to pool their investments with ours. Our partners benefit from professional investment management in accordance with an Investment Policy that emphasizes preservation of capital, generation of reasonably predictable stream of income, capital growth while ensuring Responsible Investing policies are followed. We now offer two managed partner fund options for our partners. Please review for full details and comparison of our two funds.Read more
Posted: March 27, 2019
Each year SHARE develops an engagement plan in consultation with us, outlining where we will focus our collaborative efforts to improve corporate sustainability performance. A short public summary of the themes we’re discussing with Canadian companies is now available here.Read more
Posted: January 30, 2019
Q4 2018 saw engagement with 10 companies held within our portfolio. Themes discussed included Investing in a Just Transition with significant progress made with Bank of Nova Scotia, Algonquin Power & Utilities and National Bank of Canada . Other themes included investing in decent work and board diversity. A full report by company is available here .Read more
Posted: October 16, 2018
Q3 2018 saw engagement with 10 companies held within our portfolio. Themes discussed included Investing in Reconciliation with significant progress made with NFI Group (formerly: New Flyer Industries), WSP Global Inc and TransCanada Corporation . Other themes included investing in decent work and Just TransitionA full report by company is available here .Read more