Skandia Investment Management (SIML) as added the Impax Environmental Markets fund to its ethical multi-manager offering.
The Impax fund is the fifth mandate added to the £108m SIML Ethical fund, accounting for 7% of the total portfolio.
Managed by Bruce Jenkyn-Jones and Ian Simm, the Ireland-domiciled Environmental Markets fund targets companies in cleaner and more efficient basic services such as energy, water, and waste.
Skandia says its Ethical fund is subject to a constant independent screening process by Ethical Screening, ensuring it conforms to the criteria.
The Skandia Ethical fund weighting is:
- 72% - JPMorgan Asset Management Ethical mandate
- 7% - Norwich UK Ethical fund
- 7% - F&C Stewardship Growth fund
- 7% - Aegon Ethical Equity fund
- 7% - Impax Environmental Markets fund
“There is continued and increasing awareness of ethical living and ethical investing is a part of that,” SIML fund manager Ryan Hughes says.
“As we see further demand for our fund, and witness its funds under management grow, we have altered the blend to ensure we continue to have exposure to what we believe are the best ethical investment opportunities.
“Adding Impax’s Environmental Markets fund has further diversified our Ethical portfolio, which provides ethical investors with a well balanced investment solution.”
To comment on this story, contact:
0207 034 2681
Develop ‘soft skills’
Governance reforms expected in May
Strategic partnership between firms
Catching up with the Influencers