Exclusion of sectors by newly launched index has baffled some in SRI marketwho believe this reduces their chances of persuading companies to change
UK ethical funds are becoming more difficult to differentiate from other UK All Company portfolios due to the catch-all mandates of some ethical funds and the adoption of socially responsible principles by more mainstream portfolios. Ethical isn't even a word that is widely used to describe these portfolios anymore ' instead most use the term socially responsible investing or SRI. Fading fast is also the premise of blanket exclusion of unacceptable sectors, such as tobacco or oil companies. Replacing it is the notion of responsible shareholders, using the weight of the fund's stake in a b...
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