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Morely and Privilege take responsibility

Moreley Fund Management&#39s offshore division, Privilege Portfolio International, has added the euro socially responsible fund to its Sicav range.

This euro denominated offshore fund aims to produce long term capital growth by investing in companies that show a commitment to helping the environment, through practices such as effective waste management,

New economy companies that are involved in areas like technology and old economy companies in areas such as manufacturing are covered by the fund. The diversity of the stocks included in the portfolio gives a balanced approach to investment risk.

The companies that the fund invests in are researched in-house. Companies that do not meet the fund&#39s environmental, social and financial criteria are not selected by the fund manager.

There is increasing interest in socially responsible investments at the moment and this can be seen in the way pension funds must now declare their stance on ethical investments. FTSE International has also recognised the trend for ethical investing as it has launched a series of ethical indices.

The euro socially responsible fund could be suitable for investors with ethical concerns who are looking for a themed investment. However, the ethical criteria of the fund&#39s selection process limits the choice of stocks, especially if some of them fail to perform and alternative stocks are needed.

According to Standard & Poor&#39s, the Privilege Portfolio global themes fund is ranked 28 out of 537 funds based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to April 6, 2001.



BBN loses its second chief exec in two months

Embattled national IFA Berry Birch & Noble has lost its second chief executive in a matter of months after Derek McLaughlan stepped down this week. McLaughlan had been chief executive for less than two months. Berkeley Independent chairman Cliff Lockyer will step in as acting chief executive. The news comes as the IFA&#39s holding company, […]

Lincoln cutting top-up charge

Lincoln is cutting charges for top-ups on its existing individual pension contracts in a bid to prevent a haemorrhage of its existing business to lower-charging stakeholder schemes. The 200,000 policyholders with contracts dating from 1986 will get a new charging structure of 0.5 per cent annual charge on the incremental contract. The firm, which sold […]

Life offices named as withholding WP figures

Life offices which will not reveal the underlying performance of their with-profits funds have been named and shamed by an IFA survey. Legal & General, Scottish Widows and Friends Provident refused to reveal their underlying fund performance to Chartwell in a survey on with-profits bonds. Britannic, Scottish Equitable and MGM gave details only on the […]

Friendlier face of the FSA

I wrote at the beginning of October last year following a visit from the FSA pension review team, headed by Darren Williams, to say that while the visit was inevitably somewhat traumatic, it was carried out with the best possible approach from Darren and his team. We received his report and there was quite an […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


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