RLAM launches UK Ethical Equity fund for Mitchell

Royal London Asset Management has launched a UK Ethical Equity fund for manager Bradley Mitchell.

The Ucits III fund will invest in a concentrated portfolio of 40-60 holdings and aims to return 2%-3% per year above its benchmark FTSE All-Share index. Mitchell will use ethical screening to identify UK-listed companies that are the ‘best-of-breed' in certain permitted sectors, with the fund avoiding companies that generate more than 10% of their turnover from alcohol, armaments, gambling, tobacco or pornography. The fund, placed in the IMA UK All Companies sector, has an initial charge of 4% and an annual management charge of 1.4%, with a minimum investment of £1,000. Mitchell sa...