Close Fund Management is launching the first fund tracking the new FTSE4Good index of the top 100 socially responsible UK companies. A proportion of the management charge of the new FTSE4Good UK Fund, rising from 10 per cent to 40 per cent of the charges as the fund gets larger, will be donated to Unicef. The annual management charge is 1 per cent.
Close Fund Management managing director Marc Gordon says: “Investors, as consumers, are worried about the world they live in – congestion, climate changes, food scares. More importantly, they realise that companies that address these challenges are likely to be well managed, reap future rewards and avoid risk.”