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Artemis opens ethical door

Artemis has made the funds of funds within its Artemis Premier Funds Service available directly to IFAs due to increased demand for multi-manager products.

One of the funds, multi-manager ethical, is aimed at investors who do not want to compromise their strong ethical views while investing. Its objective is capital growth by investing in ethical funds such as Friends Provident stewardship, Henderson ethical and Aberdeen ethical world.

The fund of funds approach eases the problem of IFAs and their clients having a lot of information to wade through when choosing funds, which can be time consuming.

According to the Ethical Investment Research Service there are about 55 retail ethical funds in the UK. While this is a small number compared with other types of funds such as UK growth funds, the ethical criteria of these funds may vary which may confuse investors.

This funds in the portfolio will be monitored both in terms of performance and to ensure their ethical considerations are maintained. When selecting the funds, factors such as the quality and tenure of the fund manager and the ethical investment philosophy underpinning the funds will be closely examined.

This fund may attract ethical investors who want to consolidate their existing investment under one roof. Some investors would also find it cost-effective because a fund of funds can negotiate lower charges compared with individual investors.

However, with a universe of 55 funds, investment choice will be limited and it may be difficult to meet the needs of all ethical investors within the fund. While some investors will want to exclude companies involved in the oil, tobacco or alcohol, industries, others will be comfortable investing in those areas if the companies are improving their social and environmental policies.


Koralis Picture – Film Fund One

Film Fund One Type: Enterprise investment scheme Aim: Growth by investing in a minimum of three low-budget feature films Minimum investment: Lump sum £1,000 Opening/closing date: October 3, 2003/until further notice Charges: Initial 6.5%, annual 2.5% Commission: Initial up to 5% Contact:

Horlick set for move

Nicola Horlick, the high-profile former chief executive of SG Asset Management, is believed to be leaving to run a fund management business in Hong Kong for Australian insurer AMP.Horlick, who announced in July she was stepping down as chief executive to become a special adviser to SGAM Group president Philippe Collas, is thought to be […]

Regulator relents over investment trust rules

The FSA has watered down its proposed rules for investment trusts after facing stiff industry opposition to its consultation paper on changes to listing rules.In January, the regulator said it planned to overhaul existing rules and impose harsh restrictions on ITs in an effort to ensure that a “magic circle” of providers does not develop. […]

Leeds & Holbeck – Flexible three-year discount

Type: Discounted rate flexible mortgage Discount: 1.1% Discounted term: Three years Payable rate: 4.39% Minimum loan: £25,000 Maximum loan: Up to 95% of valuation subject to a maximum loan of £200,000, up to 90% of valuation subject to a maximum of £300,000, up to 85% of valuation subject to a maximum of £400,000, up to […]


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