Responsible investing - A virtuous circle of learning

A phrase that is commonplace is that 'we are all on journey' when it comes to Responsible Investing (RI).  To some extent this is true. In the early stages of my career I was one of the sceptics for whom excessive exclusions to portfolios were 'suboptimal' and could only reduce the opportunity to generate alpha for investors. Ethical funds (as they were largely called in the early Noughties) generally never represented more than around 3% of total AUM within the IA classifications and this figure was as constant as the North Star. Today the RI narrative has taken a life of its own. I...