ABN Amro Asset Management has launched the UK market's first retail specialist emerging markets socially responsible investment fund. The Brazilian Equity fund is a Luxembourg-listed vehicle that will screen and base all its holdings on environmental, social and corporate governance criteria.
Pedro Villani, who already runs an existing ethical fund in Brazil, manages the fund. It has a minimum investment of $250 (£132) with no initial fee and an annual management charge of 1.75%. The fund is also available via the Transact platform, where the annual charge is just 0.5%.
Elsewhere, Axa Framlington is looking to diversify its investment expertise outside the UK with the launch of a Japan Smaller Companies portfolio. Managed by Chisako Hardie, the bottom-up stock picking unit trust invests in 70 to 85 attractively valued small and mid-cap stocks across all economic sectors and is designed to blend with the group's existing and more large-cap oriented Japan fund.
According to Hardie, since 3,000 of the 3,500 stocks in Japan are small-cap, the opportunities are vast. The fund has an initial charge of 5.25% and an annual charge of 1.5%. There is 3% initial and 0.5% trail commission for advisers.
Penalty payments and enforcement policy
Fees as low as 0.04%
Only 9,486 applied for the benefit in 12 months
Women and young people adversely affected
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