Ethical / Socially Responsible
Introduction to Ethical / Socially Responsible
Socially responsible/ethical funds invest with a conscience. They loosely divide into 'dark green' and 'light green' funds. Dark green funds specifically exclude companies that derive their profits from areas such as armaments, pornography, tobacco or fossil fuels, though the specific criteria will vary from fund to fund. 'Light green', 'engagement' or 'socially responsible' funds will not specifically exclude companies, but instead will strive to engage with companies to improve their behaviour or invest positively in companies that are making a difference.
Inevitably, darker green funds have a smaller universe of stocks from which to pick. This can make them more volatile than a standard equity fund. However, as 'ethical' companies become larger and more mainstream, these risks have diminished. Light green funds have a broader universe, but may still have some bias to smaller companies.
In general, investors will not seek out socially responsible/ethical funds for purely investment reasons, though there can be some important risk mitigation from investing ethically. Investors need to ensure that the fund's definition of ethical matches their own.
The tax treatment of investments is subject to tax law and HMRC practice which are subject to change.
OEICs and Unit Trusts
OEICs and Unit Trusts
|Name||1 Year (%)||3 Years (%)||5 Years (%)||Discount||NAV|
|Impax Environmental Markets Ord 10P||35.20||49.89||126.21||-12.35||237.88||Buy|
|Jupiter Green Investment||20.57||22.87||95.35||-4.39||172.05||Buy|
|Menhaden Capital Plc ORD 1P||-18.13||-||-||-23.46||85.58||Buy|
|NextEnergy Solar Fund Limited Red Ord Npv||17.41||-||-||5.88||102.00||Buy|
|Trading Emissions PLC||124.34||33.58||207.70||-||6.30||Buy|
|Name||6 Months (%)||1 Year (%)||3 Years (%)||5 Years (%)||Currency||Sector|
|Lyxor UCITS ETF WORLD WATER D GBP||7.04||24.01||58.36||-||GBX||Commodity & Energy||Buy|
|UBS ETF - MSCI EMU Socially Responsible UCITS ETF (EUR) A Dis GBP||12.77||21.95||31.14||-||GBX||Equity - Ethical||Buy|
|iShares Dow Jones Europe Sustainability Screened UCITS ETF GBP||8.52||12.84||18.82||65.56||GBP||Equity - Ethical||Buy|
|iShares Dow Jones Global Sustainability Screened UCITS ETF GBP||20.08||27.36||40.06||80.79||GBP||Equity - Ethical||Buy|
|iShares Global Clean Energy UCITS ETF GBP||4.99||4.49||8.81||27.62||GBP||Commodity & Energy||Buy|
|Name||1 Year (%)||3 Years (%)||5 Years (%)||NAV||Discount||NDY||Sector|
|Foresight Planned Exit VCT||-13.23||-26.32||-20.36||45.60||-42.98||53.85||VCT Generalist||Buy|
|Foresight Solar & Infrastructure VCT PLC C ORD 1P||-6.99||-6.68||-||83.10||-1.93||6.14||VCT Specialist Environmental||Buy|
|Foresight Solar & Infrastructure VCT PLC D||-||-||-||100.99||-0.98||-||VCT Specialist Environmental Pre Qualify||Buy|
|Foresight Solar & Infrastructure VCT PLC Ord 1P||-6.01||-1.35||24.17||97.70||-7.37||6.63||VCT Specialist Environmental||Buy|
|Hazel Renewable Energy VCT1 PLC A Shs 0.1P||0.50||8,668.41||8,668.41||0.10||4,949.85||-||VCT Specialist Environmental||Buy|
|Hazel Renewable Energy VCT1 PLC Ord 0.1P||8.78||57.46||46.26||116.58||-8.65||4.69||VCT Specialist Environmental||Buy|
|Hazel Renewable Energy VCT2 PLC A Shs 0.1P||0.50||8,668.41||8,668.41||0.10||4,949.85||-||VCT Specialist Environmental||Buy|
|Hazel Renewable Energy VCT2 PLC Ord 0.1P||20.54||58.26||46.99||111.62||-4.58||4.69||VCT Specialist Environmental||Buy|
|Octopus VCT 3 PLC ORD 1P||-2.45||-6.13||-||80.10||-0.75||6.29||VCT Specialist Environmental||Buy|
|Octopus VCT 4 PLC ORD 1P||-1.31||-6.13||-||80.10||-0.75||6.29||VCT Specialist Environmental||Buy|
|TP Income VCT plc||-||58.20||41.28||68.13||-26.61||-||VCT Generalist||Buy|
|Ventus 2 VCT PLC D SHS 25P||4.85||-||-||124.30||-14.72||3.30||VCT Specialist Environmental Pre Qualify||Buy|
|Ventus VCT||19.85||50.00||126.68||111.64||-5.05||15.09||VCT Specialist Environmental||Buy|
|Ventus VCT 2||5.10||49.44||160.54||75.70||-7.53||7.50||VCT Specialist Environmental||Buy|
|Ventus VCT 2 C||23.25||52.18||45.85||121.60||-7.07||7.08||VCT Specialist Environmental||Buy|
|Ventus VCT C||22.62||54.92||53.94||120.50||-6.22||7.08||VCT Specialist Environmental||Buy|
|Ventus VCT PLC D SHS 25P||4.85||-||-||121.30||-12.61||3.30||VCT Specialist Environmental Pre Qualify||Buy|
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