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SVM to launch ‘positive screening’ pan European SRI fund

SVM Asset Management is launching the all Europe Socially Responsible investment (SRI) fund on October 31.

The fund will be run by SVM Continental Europe manager Hugh Cuthbert and SVM UK opportunities manager Neil Veitch and will adopt a ‘positive screening’ approach to investing by engaging with companies rather than ‘negative screening’ which automatically excludes many sectors.

The group says the fund managers will look to invest in companies that demonstrate a willingness to develop and improve on environmental, social, ethical and governance issues and the only sectors that will not be considered are armaments, tobacco and pornography.

The 35-45 stock fund will be benchmarked against the FTSE World Europe index rather than the SRI index because SVM believes there are enough companies that will meet the SRI criteria and be able to generate strong investor returns.

Veitch and Cuthbert will be supported by SRI analyst Craig Jeruzal.

SVM head of client sales Mark Noble says: “We believe that there is currently a lack of pan European choice to investors looking for an SRI fund.”

Hugh Cuthbert says: “By investing in companies with less well developed sustainable policies and progressing them up the ladder , we believe our clients’ assets will be put to work most effectively.”


Tenet offers single form for loan and protection cover

Tenet is redesigning its application forms so clients can buy both mortgage and protection products by filling in a single form. The firm says it wants to encourage IFAs to write business from areas which they may be not be focusing on. Chief executive Simon Hudson says he is also concerned that advisers writing mortgage […]

Three new fixed income appointments at Aegon

Aegon Asset Management has announced three new appointments to its fixed income team.Kevin Telfer will join in December as a fixed income product specialist and will aid the team’s efforts to develop the scale and quality of the firm’s bond business.He joins from Aon Consulting Ltd where he was senior investment consultant and actuary to […]

Websites claim to end face-to-face advice

A Surrey IFA has set up two internet sites which claim to provide full online advice without the need for face-to-face meetings. Churchouse Financial Planning says most websites claiming to offer online advice only give information and clients are then required to make an appointment with an adviser. The and websites say they […]

Genworth product ‘will help FTBs’

Insurer Genworth Financial claims lenders will be able to help more first-time buyers get on the property ladder after the launch of its specialist mortgage insurance product. Genworth says the product will help mitigate the considerable risk associated with 100 per cent loan-to-value lending by covering lenders’ risk.

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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