View more on these topics

SLI plans ethical corporate fund

Standard Life Investments is planning to offer an ethical corporate bond fund in the retail market by the end of this year.

The portfolio will be managed by SLI’s fixed-interest team working closely with the ethical investment team which currently runs the firm’s ethical equity portfolio.

The fund is expected to be on the market by the start of the fourth quarter and will fill a gap in SLI’s otherwise comprehensive suite of fixed-int-erest portfolios.

The ethical screening pro-cess used to vet potential bond purchases will largely follow the process used on the 140m SLI ethical fund, which was set up just over six years ago.

The fund will avoid com- panies which damage the environment, firms which produce hard-core pornog-raphy and cosmetics comp- anies which test products on animals.

Companies are scored pos-itively for taking part in schemes that benefit the local community or the environment.

The Gaeia Partnership adv-iser Olivia Bowen says opt- ions arevery limited for ethical bond investors, with only Aegon, Rathbones and Morley in that market.

She says: “More choice will be welcomed in the market because there are only three other ethical bond funds.”

SLI was unavailable for comment.

Recommended

Clouding over the storm

When the Prime Minister uses a speech on regulation to make blistering criticisms about the FSA, one would expect an open debate about financial services regulation.

Right side of the law

The biggest surprise about Halifax launching a fixed-fee conveyancing service is – why hasn’t it done it before?

Revenue sets up pension workshops

Revenue & Customs is running a series of pension simplification workshops for the financial services industry, inviting IFAs and product providers clarification about the new rules from A-Day, focusing on Sipps. The workshops will take place in the autumn, with dates to be confirmed.

Hogarth poised to set up new company

Former Bankhall chief executive Paul Hogarth is believed to be launching his own business despite still having a consultancy relationship with Bankhall. Premier Mortgage Services managing director John Malone says he will be embark- ing on a business relationship with Hogarth that will run parallel to both parties’ current contractual arrangements with the network. Although […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment