Heartwood IM unveils two ethical multi-asset portfolios

The Ethical Balanced and Ethical Growth funds will be run using similar risk/return strategies to the firm's existing Total Return Balanced and Growth strategies, but will limit investments to certain ethical criteria. The balanced portfolio will have a long-term return objective of CPI plus 3% a year, while the growth portfolio will target an annual return of CPI plus 4%. The strategies will use negative screening to avoid exposure to "socially harmful" investments including sectors such as tobacco, weapons manufacturing, gambling, alcohol, and pornography. Meanwhile, a positive o...