7IM has launched the Responsible Choice Model Portfolios, to broaden its offering of ESG options for advisers and their clients.
Managed by 7IM’s investment team, the set of five portfolios, cover a range of risk profiles from Cautious to Adventurous and are aimed towards clients looking for a multi-asset option that incorporates a full range of responsible, ethical and sustainable principles.
The portfolios are focused on investments that score well on ESG factors and minimise exposure to controversial activities like armaments, tobacco and thermal coal, as well as looking beyond these factors, with a focus on investing in companies that can have long-term positive impacts on society and the environment.
The 7IM Responsible Choice Model Portfolios will charge an annual management fee of 0.30%, with the ongoing charges of underlying holdings of around 0.40%. The new models are currently only available on the 7IM platform but the investment manager said they will be available on third party platforms “in the near future”.
Verona Kenny, managing director of Intermediary at 7IM said: “The industry has gone ESG mad, we have been ESG mad for the last 14 years. 14 years after launching our top performing Sustainable Balance fund, we are really excited to be now completing our ESG range with the 7IM Responsible Choice Models. These models cover the full responsible investment spectrum.”
“Green recovery and governance issues are quite rightly high on the global agenda, and the 7IM Responsible Choice Model Portfolios are designed to embrace the opportunities here and offer advisers an avenue to invest along sustainable lines, without having to sacrifice performance.”
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