Tether & Greenwood (T&G) is to double the number of retail Oeic funds it offers with the upcoming la...
Tether & Greenwood (T&G) is to double the number of retail Oeic funds it offers with the upcoming launch of a UK socially responsible investment fund to be managed by Philip Young and James Codrington.
Young and Codrington joined the group in June last year from Deutsche Bank, where they both managed assets for charities. T&G, which will be targeting the retail channel, as well as charity trustees, is in the process of defining the exact ethical criteria of the portfolio.
The company will seek regulatory approval to launch it as a sub-fund of the group's existing Oeic, once the shape of the portfolio has been established.
The plan follows the launch earlier this year of a T&G UK smaller companies fund managed by former-Perpetual fund manager John Sweet, which T&G said would be the first of a number of launches.
In the SRI fund, Young is to concentrate on beating the FTSE All-Share index and will focus purely on UK stocks of all market cap levels. There will be two levels of ethical overlay in the fund. The first will be a ban on any stocks involved in gambling, tobacco and armaments manufacture. On a more positive level, the fund will seek out positive environmentally friendly businesses.
The mandate is being designed to appeal to a broad range of investors and the sub-fund will have both institutional and retail share classes.
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