This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Investments

F&C rejects separate SRI sector

  • Print
  • Comment

F&C and Kames Capital have warned against creating a separate IMA sector for sustainable and responsible investment funds.

Advisers and SRI providers have complained that the funds are not very visible in the IMA sectors and advisers cannot easily compare SRI funds’ strategies on platforms.

But F&C director of governance and sustainable investment Alexis Krajeski warns that investors who are not specifically looking for SRI funds may not be aware of them if they are in a separate sector.

She says: “SRI funds should be compared with mainstream funds so that investors can compare their performance.”

Kames Capital head of corporate governance and SRI Ryan Smith says: “We do look at how our peers are doing but it is difficult to compare them because different funds have different screening criteria.”

Holden & Partners managing partner Mark Hoskin says SRI funds should remain in existing IMA sectors but there should be sub-sectors that identify the funds. He says: “For example, the global growth sector could include a sub-sector for SRI funds, which could then be broken down to highlight underlying themes such as water.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth

Is there a growing need for financial advice


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments