New Ethical Funds
At Investing Ethically we work hard to identify and research new ethical funds for our clients. We are seeing increased activity on new ethical funds coming to market, both in terms of the smaller fund managers making existing funds more accessible to retail investors as well as some of the bigger fund houses, launching brand new funds. In the former category are funds run by, for example, Alquity or Unicorn, and in the latter are two new funds by Jupiter and Kames.
Kames have just launched their Global Sustainable Equity fund which is a global fund and will sit well alongside their other ethically screened funds, although the new fund is not a vegan fund. It is quite a concentrated fund with less than 45 stocks and will avoid investments in the usual sectors (arms, tobacco, GMOs, pornography, gambling etc). The fund should be available across most of the main investment platforms.
The Jupiter fund is due to launch in the summer and will be a mixed asset fund (Cautious Managed or the 20-60% shares category).
New funds are very welcome additions to the broad range of funds ethical investors in the UK have and where appropriate, we will look to incorporate these into client portfolios in the future.