The Gabelli SRI Fund
May 20 2015 - 4:32PM
Business Wire
Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc.,
(NYSE:GBL) announced that the Board of Directors of the Gabelli SRI
Fund approved a broadened focus on a pro-active approach to the
environment through the addition of criteria identifying and
avoiding the 200 largest fossil fuel (coal, oil, and gas) companies
based on estimates of the potential CO2 emissions of their reported
reserves.
The Fund was launched in June 2007 with an investment objective
to seek capital appreciation through a strategy of investing in
companies that act in a socially responsible manner. As the field
of SRI has evolved over time, the Fund has evolved as well. The
addition of the environmental criteria will allow the Fund to more
closely align investor’s interests with the Fund’s SRI objectives.
The enhanced screen will take effect May 21, 2015.
The Fund is led by Christopher J. Marangi, Kevin V. Dreyer, and
Christopher C. Desmarais.
“Around the world investors are becoming more concerned with the
effect that drilling for natural resources is having on our
environment. They are also concerned that the threat of climate
change will mean that at least some of the oil and gas reserves in
the world will never be produced. In managing the Fund, we think
about these things as well. Our team of research analysts is not
only encouraged to become experts in their fields, but they are
also encouraged to be forward looking and to anticipate how their
industries are going to evolve over time. The addition of the
fossil fuel criteria is a natural extension of how we have already
been managing the Fund.”
GAMCO has a nearly 30 year history of socially responsible
investing, starting in 1987. GAMCO’s SRI roster now includes
foundations, endowments, faith-based organizations and
individuals.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Fund before
investing. The prospectus, which contains more complete information
about this and other matters, should be read carefully before
investing. To obtain a prospectus, please call 800 GABELLI or
visit www.gabelli.com.
The Gabelli SRI Fund is distributed by G. distributors LLC.,
a registered broker dealer and member of FINRA.
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version on businesswire.com: http://www.businesswire.com/news/home/20150520006581/en/
Gabelli Funds, LLCChris Desmarais, 914-921-5237Portfolio
Manager
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