A major asset management firm has announced that it will shift its focus on ethical investments .
F&C Investments chief executive Alain Grisay told the House of Commons that socially responsible ventures would be a "core pillar" of the group's strategy in the future through its Stewardship Growth Fund.
The Stewardship was Europe's first ever pooled retail fund for ethical investments.
He said: "The architects of Stewardship had real vision and foresight. To launch such a fund in 1984 was an incredibly bold move in the face of much scepticism but one that has been vindicated by the growing demand for funds that cater for the ethical investor ."
Mr Grisay added that F&C will also use its in-house governance and sustainable investment team to lobby UK companies to implement more socially and environmentally-friendly policies.
Axa Investment Managers, Henderson Global Investors, Insight Investment, and Jupiter Asset Management all received honours at the recent Ethical Investment Association's 2009 Transparency Awards.
Independent firm commits to ethical investments
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Independent firm commits to ethical investments
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