Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Godfrey goes green as Moola launches ethical portfolios

Godfrey goes green as Moola launches ethical portfolios

Moola has launched ethical portfolios as a result of increased interest from customers in investing responsibly. 

The new offering will use the same investment processes behind Moola’s existing service, with the added additions of ethical investment screening and the use of green bonds.

‘As investment technology shifts it makes complete sense that ethical portfolios should support all the same advanced services available for standard portfolios,’ said former Wealth Manager cover star and Moola founder Gemma Godfrey (pictured).

‘We are excited to offer a portfolio that excludes potentially harmful parts of the economy, such as weapons manufacture and promotes companies that are doing good whether in terms of environment or social impact.’

Investors can access the ethical portfolios with as little as £50. 

The company said that the fees will remain the same on the ethical portfolios, however, there may be slightly reduced returns over time because the expense ratios of the funds used will be higher. 

Moola is not the first robo to launch a socially responsible investment service. Canadian firm Wealthsimple launched a range of SRI portfolios in January, becoming the first to do so. 

This is Moola's second launch in two months. Last month the online wealth manager also unveiled what it called 'tax aware' portfolios.

According to the firm, this means it considers 'tax consequences of proposed trades for all non-ISA portfolios'.

At the end of last year, Moola expanded its offering beyond investing purely in iShares products, adding three more exchange-traded funds (ETF) providers to its list: Vanguard, db x-trackers and Lyxor.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter