Vanguard adds to UK range with SRI funds
Vanguard Asset Management is to market two socially responsible investing funds in the UK after launching sterling share classes.
The Vanguard SRI Global Stock and the SRI European Stock funds bring the asset manager’s UK range to a total of 21 funds.
The Irish-domiciled Vanguard SRI Global Stock fund will aim to track the performance of the FTSE All-World Developed index and has an total expense ratio of 0.4 per cent.
The Vanguard SRI European Stock fund, which has a total expense ratio of 0.2 per cent, will aim to track the performance of the FTSE All-World Developed Europe index.
According to Vanguard, neither fund will invest in companies violating the United Nations Global Compact principles, which cover human rights, labour standards, environmental degradation or ethics/corruption.
The funds will not invest in companies producing military anti-personnel weapons, nuclear weapons or cluster bombs.
Tom Rampulla, managing director at Vanguard Asset Management, says: “Many investors are becoming increasingly socially aware and want investments that reflect their ethical concerns.
“Advisers are eager to ensure that their clients can meet long-term investment goals while supporting socially responsible values.”
He adds: “SRI funds can allow investors to integrate ethical, social and environmental considerations into their portfolios without compromising asset allocation.”