Monday, December 21, 2009

Marks & Spencer Money Launches New Ethical Fund

M&S Money has launched a new ethical fund, advised accurately for barter who ambition to advance their money with the aforementioned attempt they administer to added areas of their life. Recent analysis indicates added than one in 5 (22%) investors now accede ethical investment if allotment a armamentarium and see it as a boilerplate option*.

The M&S Ethical Fund, which can be cloistral aural the tax-efficient** ISA wrapper, will seek to accommodate investors with continued appellation basic advance by advance in predominantly UK companies that accommodated the social, ecology and ethical belief authentic in the investment policy. The aim is to advance in companies that accomplish a absolute addition to the association or environment. It will abstain advance in companies that accept a poor ecology almanac or are primarily complex in*** the afterward activities; armaments, gambling, the fur trade, tobacco, and pornography.

The armamentarium will aswell abstain advance in companies that conduct or agency abominable testing for corrective or toiletry purposes or accomplish use of adolescent labour.

M&S Money accept called two able armamentarium managers to administer the Fund, namely Jupiter Asset Management Limited and Sinopia Asset Management (UK) Limited, which is a specialist armamentarium administrator aural the HSBC Group.

Brendan Cook, arch controlling of M&S Money, commented, "Our extenuative and spending decisions are added afflicted by a admiration to crop claimed albatross for our appulse on association and the ambiance which is why we are ablution a new ethical investment product”.

Notes to Editors:
* Research conducted by GfK NOP during October 2006.
**The tax allowances provided by an ISA are accountable to government legislation and may change in the future.
*** A aggregation that derives over 10% of its about-face from any one of these activities will not be invested in.

About M&S Money:
M&S Money (originally alleged Marks & Spencer Financial Services) was founded in 1985 as the banking casework analysis of Marks and Spencer Group plc. The aggregation is now a top ten credit card provider and the additional better biking money banker in the UK. M&S Money aswell offers travel insurance and allowance for homes, cars, pets and weddings, as able-bodied as loans, accumulation and investments such as a banal and shares ISA.

In November 2004, Marks & Spencer awash M&S Money to HSBC, one of the world's better cyberbanking and banking casework organisations with over 9,500 offices in 85 countries and territories. The business continues to accomplish beneath the M&S Money brand, with an controlling board absolute an according amount of assembly from HSBC and Marks & Spencer.

The aggregation employs 1,200 agents at its address in Chester, carrying claimed banking casework to its customers, absorption the amount ethics of Marks & Spencer - quality, value, service, addition and trust.

M&S Money PR Contact:
Liz Neild
Marks & Spencer Money
Kings Meadow
Chester
CH99 9FB
01244 686 068
www6.marksandspencer.com

No comments:

Post a Comment