Ethical Investing
Comments
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bostonerimus wrote: »I gave up on "ethical Investing" a long time ago as I figured capitalism and ethics are not well correlated. So I try to be ethical in my daily life and do good things for the planet and people; I ride my bike rather than drive my car as often as I can, I keep my heating low in the winter, I give to local and national charities and I vote for politicians that I think will improve things.0
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bostonerimus wrote: »I gave up on "ethical Investing" a long time ago as I figured capitalism and ethics are not well correlated. So I try to be ethical in my daily life and do good things for the planet and people; I ride my bike rather than drive my car as often as I can, I keep my heating low in the winter, I give to local and national charities and I vote for politicians that I think will improve things.
I think that you have summed up my original dilemma in your first sentence very well. I am going to do some more research and have another think. Thanks for your replies0 -
kittieviolet wrote: »I think that you have summed up my original dilemma in your first sentence very well. I am going to do some more research and have another think. Thanks for your replies
Have you looked at Abundance Investment? They offer investment in Green Energy Projects - I can't post any links so you need to re-work this a bit ... [three w's] [dot] abundanceinvestment [dot] com
HTH
Rich0 -
Have you looked at Abundance Investment? They offer investment in Green Energy Projects - I can't post any links so you need to re-work this a bit ... [three w's] [dot] abundanceinvestment [dot] com
HTH
Rich0 -
Thank you all for your wonderful advice its very much appreciated.
I have come across Legal and Generals Ethical Trust. It is a passive fund and its exclusion criteria is :
Animal testing
Military !!!8211; nature of involvement
Gambling
Non-sustainable Timber
Health & safety convictions
Nuclear power
Countries with poor human rights records
Ozone depleting chemicals
Pornography
Intensive farming
Tobacco
Investment Trusts
Water pollution
Independent monitoring of companies is carried out by Ethical
Investment Research Services (!!!8220;EIRIS!!!8221;) based on the criteria
above'
The companies are from the FTSE 350
Its ongoing charge is 0.96 which isn't the cheapest I've seen. I wondered if anyone has had any dealings with Legal and General investments.
Thanks again for your time0 -
The OCF for this fund is 0.31% so I am guessing this may be direct with L&G. HL would only be 0.76% (0.31% + 0.45%), you could get this down to 0.56% with the 0.25% providers or even less with someone like iWeb if they provide it but it will depend on the sums involved as there would be transaction fees. The problem with it is that you would have all your eggs in one basket by restricting yourself to just the UK, I'd want a lot more global exposure than that0
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from a quick look HL have a class R @ .19% as well & it's also nearly all UK.This may go back to one persons ethical as mentioned early in the thread as this fund ticks all the boxes you want by looking at your list but still ends up with the usual big names i.e National Grid,Lloyds Bank so will be safer and probably have good results.
But as for the things like renewable energy or recycling plastic something like the Impax Environmental fund i mentioned would be riskier but possibly have a more social outlook (and i am not trying to sell it as there may be others)0 -
Thanks so much again. Interestingly I have looked in to the animal testing branch of this fund and it only excludes companies that do test cosmetics on animals for the last 5 years. The fund does include a bio-pharmaceutical company which does animal test which is very disappointing
This is quite a minefield.0 -
kittieviolet wrote: »Thanks so much again. Interestingly I have looked in to the animal testing branch of this fund and it only excludes companies that do test cosmetics on animals for the last 5 years. The fund does include a bio-pharmaceutical company which does animal test which is very disappointing
This is quite a minefield.0 -
Thanks Firestone. This has been a very enlightening and interesting personal research project for me.0
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