Heartwood launches ethical multi-asset portfolios

Wind-Green-Environment-Ecology-Windmill-700.jpgHeartwood Investment Management has launched two ethical global multi-asset funds.

The Ethical Balanced and Ethical Growth funds, managed by Benjamin Matthews, will use the firm’s existing total return balanced and growth investment strategies implementing those using “ethical criteria”.

The funds will exclude any exposure to tobacco, weapons manufacturing, gambling, alcohol and pornography.

Noland Carter, the head of Heartwood Investment Management says: “Clients across the board are increasingly looking to have portfolios managed in a way that is aligned with their values and ethical concerns.

“With these globally diversified ethical strategies, clients will benefit from Heartwood’s expertise in building and managing multi asset portfolios, but will also be able ensure their investments have a positive social impact.”

Head of investment product Matt Hollier adds: “Heartwood has wanted to offer ethical investment options to our clients for a significant period and have conducted substantial research in this area.

“Our belief is that we are now at a point where there is a sufficient range of high quality ethical investment instruments such that we can build high quality global multi asset portfolios that can deliver appropriate returns to our clients.”

The strategies will have an annual management charge of 1.25 per cent.