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Green fund grows sales by 59%

Skandia Investment Man-agement saw a 59 per cent increase in sales of its multi-manager ethical fund last year compared with 2006.

The company says this is a good indicator that people are embracing ethical investments alongside increased awareness of green issues.

The Skandia ethical fund has a 72 per cent weighting in a segregated ethical mandate with JP Morgan Asset Management, with the remainder invested in four ethical retail funds from Norwich Union, F&C, Aegon and Impax.

An independent comp-any, Ethical Screening, produces a list of suitable stocks each month for Skandia and JP Morgan Asset Management while also reviewing the retail funds to ensure they meet Skandia’s ethical criteria.

Spokesman Alex Jones says: “The feeling here is that as interest and awareness in ethical, socially responsible and environment issues increases, that interest will spill into every part of peoples’ lives, including their financial arrangements. We expect that investors will talk increas-ingly to their advisers about ethical investing as a part or whole of their portfolio and it is important for providers to have investment options which are suitable for them.”


Ifs ProShare to host CGT workshop

Ifs ProShare is holding a capital gains tax workshop on Monday March 17. Facilitated by Grant Thornton, the workshop will explain the tax changes introduced by Alistair Darling and the impact those changes will have on employees participating in employee share plans.Ifs ProShare head of employee share ownership Fiona Downes says: “The imminent changes to […]

Product matters

Jupiter is a pedigree brand in the investment fund marketplace so itsIndia fund launch hasto be considered.Funds investing in the Indian stockmarket are few and those that do existhave short track records.The Jupiter manager – Avinash Vazirani – is nota known name.The assumptions behind the fund seem sound – India’s economy is maturing, the middle […]

Mortgage Alliance sets £10bn target

The new head of Mortgage Alliance, Phil Whitehouse, plans to double the mortgage club’s distribution to £10bn by the end of 2009.The club currently places £5bn worth of business with lenders but Whitehouse says it would like to increase this to £7bn by the end of 2008 and £10bn next year.He says: “We have got […]


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