Portfolio Adviser: Ethical investors split on gilts
Sovereign bonds have long struggled to make a mark in ethical investing, given the perception certain governments fund questionable practices that would not sit well in many ESG portfolios.
According to a recent report by Cerulli Associates, only 24% of investors apply ESG criteria to sovereign bonds, compared with 85% who apply such criteria to investment grade corporate bonds.
Amanda Tovey, investment manager and head of SRI at Whitechurch, says the approach investors will take to gilts is subjective as the proceeds might not necessarily be heavily skewed towards contentious areas.
Read the full article at Portfolio Adviser, 26th November 2018.