View more on these topics

Seabrook to run F&C dark green fund against index

F&C has continued its green investment stance with the launch of a new ethical bond fund under the management of Rebecca Seabrook.

Structured as a Ucits III Oeic, the fund will have £40m of seeded assets at launch and will combine the capabilities of both its fixed interest and governance and sustainable investment teams.

It will operate on the same process as the firm’s Stewardship range, with securities screened for both positive and negative criteria by an independent policy committee. This will mean the fund will look to actively avoid sectors including alcohol production, gambling and hardcore pornography.

The fund will be positioned in the IMA corporate bond sector and be benchmarked against the Sterling iBoxx non-gilts index of UK corporate bonds. The firm expects 59 per cent of the investment universe to remain available after ethical screening.

Seabrook says: “This fund expects companies to meet high sustainability standards and has strict dark green ethical criteria but it is important to note that, in terms of investment performance, we are targeting a return against a mainstream benchmark.”

The retail share class will have a 5 per cent initial charge with an annual charge of 1 per cent. Minimum investment is set at £1,000 lump sum or £50 a month.


Is property set to subside?

Brick and mortar have held up well but cracks have been appearing in funds invested in property shares, says James Phillips

Lending to individuals in August lower than in July says Bank of England

The increase in total net lending to individuals in August at £9.5 bn was below the increase in July and below the previous six month average, according to latest statistics from the Bank of England.Both the twelve-month growth rate and the three-month annualised growth rate fell by 0.2 percentage points, to 9.9 per cent and […]

Hunt review wants to hear Lipsey evidence

The head of the Financial Ombudsman Service review Lord Hunt is writing to former PIA director Lord David Lipsey, asking him to provide evidence that many people who received compensation from the pension review provided misleading information to the regulator.As reported by Money Marketing, Lord Lipsey last week admitted that some policyholders who were compensated […]

CII urges FSA to boost professionalism in its RDR response

The CII is calling for a single set of standards, a new complaint system and harsher sanctions to build professionalism in the industry in its first response to the FSA’s Retail Distribution Review discussion paper.The paper, titled ‘A Professional Body for Retail Financial Services?’, outlines what professionalism would look like in a post-RDR environment.The CII […]

Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm