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I've joined the Dad Club. Since my breastfeeding and daycare skills suck, I'm doing what I can, which includes -- as well as washing muslins -- working out where to invest the £250 the government's given my daughter for her Child Trust Fund (CTF). So what choice is there for the parent who wants the money invested in green and ethical companies, rather than polluters and animal testers?
The answer: not a lot. Only four of the 47 CTF providers offer a fund with an 'ethical' policy. Over the following pages, you'll find out how three experts think the quartet compare on financial performance and how stringent their ethical policies are.
The ethical finance experts I spoke to weren't massively impressed by this fund. "This fund employs a fairly standard set of negative screens against areas such as gambling and alcohol," says Mark Robertson at ethical research company EIRIS.
The GAIEA Partnership feels the fund isn't worthy of recommending to its clients, while Lee Coates at Ethical Investors describes the policy wording as vague. He singles out the fund's policy of not investing in companies "extracting or importing tropical hardwood" as ill-conceived because the wording could exclude firms importing sustainable tropical hardwoods, too.
Photo: John Althouse Cohen
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