Ethical - Parmenion

brock247

Hi All.

My ethical pension pot with Parmenion has lost 12% since the start of the year (Dec 21 to Jun 22). I can't find any noise on the interweb about people having a similar problem and I wondered if I should be worried or whether this is just part of the ebb and flow of longer term investments?

Your collective wisdom would be appreciated!

Brock

QrizB

Welcome to the forum.

brock247 said:

My ethical pension pot with Parmenion has lost 12% since the start of the year (Dec 21 to Jun 22). I can't find any noise on the interweb about people having a similar problem and I wondered if I should be worried or whether this is just part of the ebb and flow of longer term investments?

Many funds are down this year.

• A good part of my pension is in this Scottish Widows fund which is down almost 8% in the past 6 months.
• Another popular fund is Vanguard VLS80 and that's also down 8%.

What's the specific name of your fund? It probably has a similar page at Trustnet.

garyelder

I’m with them down 8% at present 
simple cure don’t look

dunstonh

 I can't find any noise on the interweb about people having a similar problem 

In which case you are looking in the wrong places or people are just generally accepting that a minor loss period is expected with what is going on.

 I wondered if I should be worried or whether this is just part of the ebb and flow of longer term investments?

Everyone is down around 8-15% currently.   All normal and to be expected.

robatwork

You're looking at the wrong places on the interweb then.

Any forum discussing investments/pensions is chocka with this news.  Everyone's funds are down and it's nothing to do with ethical investments. 

JKenH

Coincidentally I posted this (in bold below) in the Green and Ethical Investment thread a couple of days ago. The extract I quoted was biased towards the performance of renewable energy investments (which are more relevant to that thread and which have done better than the average green fund). In case you can’t access the linked article, Morningstar reported that on average ‘green’ funds have lost 9% this year. The explanation is that most green funds don’t have exposure to oil and commodity stocks which have done well but instead many have holdings in tech stocks which have fared pretty badly over the last 6 months. 

'Green' investment funds lose savers £7bn in six months

On Hargreaves Lansdown, Britain’s largest broker, all of the five most popular green funds have lost more than the stock market this year.

On the rival broker AJ Bell, its own AJ Bell Responsible Growth fund was the most popular pick, but has lost 7pc since the start of the year. 

However, the second most popular pick on Interactive Investor was Greencoat UK Wind, which invests in infrastructure that supports wind generation and has grown by 10pc in the year to date. Investment trusts that own renewable infrastructure assets have been more resilient than their rivals this year, thanks to strength in the power price market. 

The Renewable Infrastructure Group, which ranked third among Interactive Investor customers, nudged up 2pc in the same period. 

Alan Brierley, of the broker Investec, said that the renewable energy infrastructure funds were well placed to benefit from higher inflation. "Renewables projects’ income are principally comprised of subsidies, which are typically explicitly linked to inflation," he said.

https://www.telegraph.co.uk/investing/funds/green-investment-funds-lose-savers-7bn-six-months/

dunstonh

If you invest with an ethical or ESG style then you expect to get lower returns.   That headline of losing savers 7bn is just click bait.