M&S hires HSBC for ethical portfolio

The M&S Money Ethical fund will invest in companies which make a positive contribution to the environment and community and will avoid those involved in activities such as tobacco manufacture and gambling. HSBC’s multi-manager team will oversee the portfolio but has appointed Jupiter and Sinopia to invest the fund. Jupiter will use its in-house research team to invest in companies which either actively manage their own environmental and social impacts or those providing solutions to environmental or social problems. It has six green investment themes which it will use to pick firms...