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F&C won’t mix green with multi-manager

F&C says it is not tempted to combine its multi-manager experience with its ethical expertise by launching an ethical fund of funds despite greater awareness of issues such as climate change among investors.

It already has a significant presence in the ethical funds market with its range of three Stewardship funds, the UK ethical fund and the balanced socially responsible fund. It also runs a range of multi-manager funds, including four recently launched lifestyle funds.

Many multi-managers are playing environmental themes in their portfolios but F&C says this does not mean there is a need to create an ethical fund of funds. Its multi-manager team believes there is not enough choice in the ethical funds market to create a multi-manager product.

Director, head of communications, Jason Hollands says: “Issues such has climate change have become mainstream but an ethical fund of funds is not something we are considering. Outside funds of funds, we are always looking for new ways of developing our ethical funds. F&C is also the only asset manager on the corporate leaders’ group on climate change. We are hugely involved in this business, irrespective of ethical funds.”

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