International fund for ethical investors

Friday 21st July 2000

AMP Asset Management is including an ethically based fund, called the Henderson Ethical Fund, in a new range of 10 UK-managed funds to be launched next Tuesday.

Ampam is taking advantage of a recent amendment to the Securities Act allowing investment products from the UK to be sold to investors and product distributors in this country. The funds are managed by AMP's sister company in the UK, Henderson Investors Ltd.

Ampam believes it is the first company in this country to take advantage of the amended Securities Act to offer the "tax efficient" British authorised unit trusts. It will unveil 10 Henderson Investor unit trust funds to investors next week including the Ethical Fund.

Ethical funds have grown in popularity over the past 10 years particularly among charitable and community trusts and individual investors with ethical concerns. The Henderson Ethical Fund will not knowingly invest in any activity involved in the arms industry, production of alcohol or tobacco, gambling or pornography, abuse of human or animal rights or any ventures damaging the environment.

Comments from our readers

No comments yet