Cambridgeshire-based investment firm GDIM has launched three new ethical investment model portfolios, following an increase in demand from investors who have become “more vocal about looking after the world they are leaving for their children”.
The Cautious, Moderately Aggressive and Aggressive Ethical portfolios will join the existing Conservative and Balanced Ethical portfolios, which were launched by investment managers Tom Sparke and Benjamin Benson in 2010. The portfolios have a "minimum standard" blanket ban on fossil fuels, tobacco, "controversial munitions", non-medical animal testing, gambling and adult entertainment. Their key focus will be on finding funds whose holdings benefit the environment or a social issue, such as renewable power or promotion of employee rights. Sparke said: "We are really excited to be ...
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