a questionof ethics

Professional Adviser
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The F&C Stewardship Income fund rides the line between ethics and growth. Kira Nickerson reports on the impact of this approach on the fund's performance

With holdings from German real estate firms through to megacap telecom Vodafone, the F&C Stewardship Income fund looks to formulate a diverse portfolio of holdings to meet not only its ethical criteria but its income requirement as well. Part of the ethically-managed Stewardship fund range, the income fund has been in the retail space for some 20 years, although the fund's deputy manager Hilary Aldridge notes in the beginning the portfolio was not an outstanding performer. More recently the fund has gained a substantial reputation with Ted Scott having taken on the fund in 2001 and revampi...

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