SEVEN Investment Management plans to launch an ethical fund in the New Year.
The fund will become the sixth portfolio in the Seven IM OEIC, which consists of risk-rated multi-asset income and growth funds. The fund will have a core and satellite approach to asset allocation with an external manager appointed to run the equity and fixed income portions of the funds, while Seven will operate a ‘tactical asset overlay’ mainly through the use of exchange traded funds. The fund manager is awaiting FSA approval for the plans, which it hopes to receive in time for a launch in early 2007. Justin Urquhart Stewart, director of Seven IM, said increasing appetite for ethica...
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