The Stewardship International Fund, managed by F&C Investments, has notched up its tenth year as a global equity portfolio with a strategy of strictly screening of companies on ethical criteria.
The fund was created in March 1998 from the restructuring of an existing North American equity fund, further building out F&C's range of socially responsible investment funds.
F&C has pioneered ethical investment in Europe, launching its first screened fund in 1984, the Stewardship Growth Fund, which was the first ethical fund launched in the UK retail market. Today, the Stewardship International Fund, which is now also available as a Luxemburg-registered SICAV sub-fund, is F&C's flagship ethical fund available to investors across a number of European jurisdictions including Austria, Finland, France, Germany, Ireland, Luxemburg, the Netherlands, Portugal, Sweden and Switzerland.
Stewardship International's remit offers investors exposure to companies across Europe, North America, Asia, Japan and developing economies while both screening out those businesses with poor record on environmental sustainability, human rights and other ethical grounds including involvement with tobacco, gambling, pornography and the sales and manufacture of weapons. Additionally, the fund actively targets businesses that make a positive contribution to society and the environment, such as firms involved in clean energy.
F&C tells Expat Investor that the three pillars to the Stewardship International process, designed to safeguard the ethical integrity of the fund, ensure it continue to evolve as new issues develop and enable the fund management team to focus on generating good investment returns.
F&C manages assets principally from three investment centres: London, Amsterdam and Edinburgh. The group has an office network spanning nine countries: France, Germany, Ireland, the Netherlands, Portugal, Sweden, Switzerland, UK and United States.
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