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Heartwood launches two ethical portfolios

Heartwood launches two ethical portfolios

Heartwood Investment Management has launched two ethical strategies capitalise on the increase in investor interest in the area.

Now open to investors, the Ethical Balanced and Ethical Growth portfolios will target CPI +3% per year and CPI +4% per year respectively.

Like other Heartwood strategies, the two portfolios will invest in both active and passive funds as well as underlying debt and equity securities.

Managed by Benjamin Matthews, the portfolios will screen to exclude exposure to sectors such as tobacco and arms and include companies with clear social and environmental benefits.

Matt Hollier, head of investment product at Heartwood, said: ‘For a while we have been asked about ethical investing by clients but it has been hard because there has not been a huge range of underlying ethical funds to invest in.

‘This has changed now and we believe there is a critical mass of underlying investments for us to use.’

The strategies will have an annual management charge of 1.25% if direct and 1% if invested via an intermediary or IFA. The charges do not include the costs of the underlying investments.

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