Friends Provident investments finds ethical is best
www.moneynews.co.uk > General finance > Friends Provident investments finds ethical is best
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Friends Provident investments finds ethical is best
Thu 20th Jan 2005
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F&C Asset Management points to data showing that the ethical Stewardship Income Fund has been one of the best performing UK equity income funds over five years.
Moreover, of the 12 consistently top performing funds, the Stewardship Income Fund was the least volatile.
"There is a widespread perception that if you invest in an ethical fund, which avoids certain types of companies, then it is somehow bound to cost something in terms of performance," said Jason Hollands, head of communications at F&C.
"The reality is that many UK equity managers hold all the big stocks for no other reason than they are worried about their 'tracking error', i.e. the extent to which their performance might differ from the market," said Mr Hollands.
"Because Ted [Scott, manager of the Stewardship Fund] can't buy some of the FTSE giants he is forced to pay more attention to the smaller and medium sized stocks, which is often where the most interesting investment ideas are found.
"The message is simple: ethical investors can have their cake and eat it," he concluded.
As well as being capable of strong performance, there is a strong appetite for ethical funds in the UK.
Friends Provident - who offer the Stewardship Fund - found that three in four people said that they wanted their savings and pension money to be invested ethically.
Moreover, two investors in three (69 per cent) want financial advisors to start taking the initiative and asking all investors whether they want to invest ethically, rather than waiting for people to specifically request it.
Related News : General finance |
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