Aegon Asset Management is building on its experience of investing in stocks with an ethical stance with the launch of the first retail ethical cautious managed fund.
Scheduled for launch on Thursday 1st March, the fund carries the usual charging structures but is investing its assets in what the firm considers to be “dark green” bonds and equities.
Aegon lists its “dark green “criteria as those stocks and bonds which have no connections with:
- Animal welfare issues – ie animal testing, intensive farming, abattoirs or slaughterhouses
- Environmentally damaging activities, such as PVC, ozone depleting chemicals, hazardous pesticides or which have been convicted of serious pollution offences
- Nuclear Power
- Political Donations, of more than £25,000 in the last year.
- Genetic Engineering
- Gambling, where it accounts for more than 10% of investments
- Alcohol, where more than 10% of business is through brewing, distillation or sale of alcoholic drinks.
- Tobacco, where more than 10% of business is through growth, processing or sale of products
- Banks with exposure to large corporate or Third World debt, and
- Oppressive Regimes.
Audrey Ryan – already manages Aegon’s ethical equity fund so will also assume responsibility for managing the equity element of the fund, working alongside Iain Buckle.
Minimum investment is £50 per month, with charges set at 5.5% initial – discounted to 3% for the first two months, 1.5% annual management charge, and commission is set at 3% initial with 0.5% trail.
Aside from its latest ethical launch, Aegon is also unveiling a cautious managed and UK opportunities funds.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Julie Henderson on 020 7034 2679 or email [email protected].IFAonline
Has run Cautious Managed fund since 2011
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