Aberdeen Standard Investments is to launch a UK Equity Impact - Employment Opportunities fund, with a percentage of the fund management fee going to the Big Issue Group.
The aim of the fund, managed by Lesley Duncan who also runs the £300m Standard Life UK Ethical fund, is to invest in companies which promote and implement good employment opportunities and practices. Companies will be chosen based on their ability to grow and sustain long-term financial returns and will be assessed on their employment opportunities. T. Rowe Price hires research director for responsible investment This will include criteria such as if companies are paying above minimum wage, located in deprived areas, offering training or employing young people. Duncan said: "Th...
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