Nest has added an ethically screened corporate bond to its ethical investment fund.
Nest says the bond, provided by F&C Investments, will primarily invest in fixed interest securities of ethically screened companies.
Nest chief investment officer Mark Fawcett says: “The addition of ethically screened corporate bonds to Nest’s Ethical Fund shows our commitment to delivering a high quality investment experience across our fund range, whilst keeping charges consistently low.
“Corporate debt is an important asset class for long-term savers. F&C Investments’ fixed income team have a sound investment philosophy and approach that we expect will deliver strong and consistent performance, coupled with best in class governance around the formation and execution of ethical investment policies.”
Nest offers five alternative fund choices for members who do not want to invest in its default retirement date funds: the Ethical fund, the Sharia fund, the Higher Risk fund, the Lower Growth fund and the Pre-Retirement fund.