New funds 🌱 Balanced Ethical & Growth Ethical funds

You asked, we listened.

If you are interested in sustainable investing meet the Balanced Ethical and Growth Ethical funds, curated for their ESG approaches :seedling:

Browse all our investment opportunities in the app :chart_with_upwards_trend:

*Capital at risk

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I’ve added one of the new funds today :+1: can I suggest the ability to destroy a fund to delete it which is no longer used if at a £0 balance obviously just to keep things tidy?

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Hi @Dave,

Thank you for your valuable feedback.

Our team is planning to add this option in the near future :blush:

Cheers!

-Georgios

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I like the idea but can’t say the stocks really tick the ‘ethical’ box! The growth due fund for example includes Amazon (workers rights violations), Facebook (a whole host of privacy issues) and Nestle (too many to list).

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Hi @Hfdoknf,

Thanks for sharing this important feedback.

We fully understand your frustration over definitions of what constitutes an environmental, social and governance (ESG) fund. Unfortunately right now there is no universally-agreed standard for what an ESG fund should contain, beyond avoiding companies directly involved in animal testing, weaponry, pornography and gambling services.

While there are numerous criteria that must be fulfilled for a company to be considered ‘ethical’, these differ depending on the priorities of the fund manager and may be different from what a retail investor like yourself would expect. In the case of our ‘Clean and Green’ fund, you can find more details about the specific criteria that was used on the Standard Life website (under ‘Standard Life Investments/ASI UK Ethical Retail Platform 1’).

Without reliable ethical standards in place across the board, you’re definitely doing the right thing by doing your research and ensuring the funds you select are in-line with your own personal objectives and values. For our part, the best thing we’re able to do for now is give our customers more choice over where to invest. We recently launched two new ESG funds alongside ‘Clean and Green’, ‘Growth Ethical’ and ‘Balanced Ethical’, for this reason.

This is a good start, but we definitely still have work to do to make sure our customers expectations are met when it comes to ethical investing. All feedback about this is really helpful.

Thank you again!

-Georgios