Standard Life has announced its new European Equity Ethical fund will be open to investors on 24 September.
It says the fund will appeal to those seeking European equity exposure which reflects concerns on social and environmental issues.
Fund lead manager Stuart Fraser says the fund is ideally suited to investors with long term capital growth in mind.
"We will be looking to invest in companies that meet our existing ethical criteria and will actively exclude companies that fail to meet with prescribed standards,” he says.
“We will include however, companies whose business activities are regarded as making a positive contribution - in terms of preserving the environment or improving the quality and safety of human life.”
The fund will benchmark on the IMA Europe ex UK sector.
“In essence, this fund will follow the same consistent and robust investment process adopted by the UK Ethical and Ethical Corporate Bond funds whilst offering the diversification of a dynamic European portfolio,” Fraser says.
Standard Life mutual fund investments head Jacqueline Kerr says the firm has become a leader in its approach to corporate governance and socially responsible investing.
“I am confident that our influence in encouraging best practise in environmental and social management within companies, matched with the experience and excellent stock-picking skills of our European equities team, will prove a successful combination for ethical investors,” she says.
Standard Life Investments will also mark the launch with a new website – www.focusonethical.co.uk – which will provide fund manager interviews, ethical stock stories and information for the ethically minded investor.
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