With-profits SRI fund first for NPINovember 2000
NPI has launched the first ever with-profits fund into the UK’s socially responsible investment (SRI) market.
The Socially Responsible With-Profit Fund is targeted at retail investors. It will be managed by Henderson Global Investors and will put half its money into UK equities.
With-profits funds, which guarantee yearly bonuses to fund members, have been a difficult area for SRI as they involve far wider exposure across the stock market. Many believe they could make SRI attractive to a much wider audience.
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