Since the beginning of January, Ecclesiastical Higher Income Fund has moved to the IMA Mixed Investment 40-85% Shares sector. The fund was previously in the UK Equity and Bond Income sector.
Recent banking scandals have made investors conscious of the ethical impact of their investments, and 53% of them wants to ensure that their investments go to companies which make a positive difference, according to a survey run by Ecclesiastical Investment Management.
Ecclesiastical Investment Management (EIM), part of a UK-based financial services group linked to the Church of England, and with some £1.5bn assets, has sold all its gold holdings in anticipation of an end to the Bank of England’s quantitative easing programme.
The banking scandals that have rocked UK markets in recent months may significantly benefit ethical financial services providers, according to research from UK-based Ecclesiastical Investment Management.