Old Mutual Ethical Fund has delivered top quartile performances out of the IMA UK All Companies sector over the one, two, three, four and five year periods to the end of April.
This ethical investment fund has also outperformed the FTSE All-Share Index over the same periods according to Morningstar in a bid to bid, net income reinvested, UK sterling basis.
“I’m delighted with the continued strong performance of the Old Mutual Ethical Fund, which is comfortably ahead of both the FTSE All-Share Index and the IMA UK All Companies sector median across a range of time periods,” said Anna Perriam, manager of the Old Mutual Ethical Fund.
“This is particularly pleasing given the reduced universe of stocks in which we are able to invest. Approximately 60% of the FTSE All-Share by market capitalisation is automatically excluded from our universe on ethical grounds, including many of the UK’s largest companies. Furthermore, the screening process means that in certain sectors, such as oil & gas and healthcare, no companies are allowed.”
Matthew Nagele, managing director of Fund Distribution at OMAM added: “The industry as a whole is seeing significantly increased retail sales of green and ethical funds.
“We are seeing increasing interest in the Old Mutual Ethical Fund based on increasing investor awareness of ethical issues and the opportunities for ethical investing, the outstanding performance of the fund and our investment team’s established and proven investment approach.
“On the back of these factors we see demand in this area continuing to grow.”
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