National Mutual plans to launch an ethical fund within the next six months. The pensions house, whic...
National Mutual plans to launch an ethical fund within the next six months.
The pensions house, which has outsourced management of its equity portfolios to third-party managers, has yet to appoint an investment house to run the ethical fund.
Details of the fund have not been fine tuned but Richard Taylor, pensions development manager, said the portfolio was likely to be an index tracker fund focusing on UK equities.
He said: "It is important, as a group pension product provider, to have an ethical fund but we do not expect it to hugely popular. We have concerns about performance of an ethical fund against a fund which does not specifically invest in ethical companies. But the demand is there and we acknowledge there may be particular individuals within a group pension scheme who prefer to invest in an ethical fund so we will offer that product.
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