Jupiter is launching an ethical unit trust investing primarily in UK equities.
The Jupiter Environmental Opportunities Fund will invest in socially responsible UK companies who have demonstrated a commitment to the environment and the welfare of society.
The fund is designed to complement the fund managers existing range of ethical funds.
Jupiter say the fund has been developed to meet the growing demand from investors for a broad investment portfolio with a progressive environmental and social outlook.
It has a minimum investment of £500 or £1,000 for Isas. Regular savings start at £50 a month.
There is a 5.25 per cent initial charge discounted by 1 per cent until December 31, 1999 and a 1.5 per cent annual management fee.
Fund manager Simon Baker says: “Jupiter has established a strong brand for environmental and ethical products, being the first in the marketplace some 11 years ago.”