Allchurches gets oil ethical

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ALLCHURCHES Investment Management Services has altered the ethical mandate of its Amity fund to allow it to hold oil stocks for the first time.

Sue Round, who manages the £59.31m portfolio, has yet to introduce oil stocks to the portfolio, and said their eventual inclusion would depend on how attractive they were relative to other companies. Round said the rationale for including oil stocks in the Amity fund was based on an extensive analysis of investor and IFA opinion which found that 70.6pc of people, favoured investing in oil companies, but under strict criteria. Commenting on the types of oil companies that could be included, Round said: “It is going to be a balancing act of trying to find the right mix and it may be th...

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