Columbia Threadneedle launches ethical fund

Columbia Threadneedle Investments has launched the Threadneedle Ethical UK Equity fund.

The fund is managed by Matt Evans, UK Equity fund manager and adds to Columbia Threadneedle’s offering in ethical and sustainable investing, “as demand continues to grow for responsible investment solutions.”

The actively managed fund aims to achieve a total return from capital growth and income by investing in stocks which meet the ethical criteria of the fund.

Stock selection firstly screens to avoid companies that are involved in business activities such as alcohol, tobacco, weapons. Secondly, it targets companies that have a strong approach to environmental, social and corporate governance factors as well as those that show potential to deliver innovative solutions to achieving sustainable outcomes.

Evans is supported by an investment team of four which will assist him with Environmental, Social and Corporate Governance (ESG) analysis of stocks.

The fund launched with £22.7m following the transition of investors from the Teachers Sovereign Ethical Fund, following the transfer of the Teachers Assurance unit trust business to Columbia Threadneedle in Q4 2015.

Earlier this year Columbia Threadneedle was named the number one leading UK asset manager for Responsible Investment Performance in ShareAction’s 2015 Survey. It was also awarded the
Excellence Award for Social Responsible Investment (SRI) by Global Investor in 2014.

Evans said: “It is our belief that companies that operate in an ethical way are more likely to generate sustainable returns over time. There is also a huge investment opportunity in those companies who can deliver solutions to the world’s sustainability challenges. Columbia Threadneedle has a strong track record in UK equities and Responsible Investment and this fund brings those skills together to offer clients a leading ethical UK equity strategy.“

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