Vitality has launched a new ESG fund range, EnVIRO, targeting advice firms who want a ready-made investment solution that integrates environmental, social and governance considerations (ESG).
The range comprises of five funds, each built from underlying index-tracking funds that are diversified across asset classes and focus on sustainable outcomes.
It aims to exclude companies that ‘do harm’ such as those in the weapons, tobacco and carbon industries, while taking a ‘best in class’ ESG selection approach for equities – investing in companies with above average MSCI ESG scores1, and includes ongoing reviews of the holdings and approach to ensure ESG outcomes are optimised.
Asset allocation will be reviewed continuously through daily monitoring and dynamic rebalancing to meet Dynamic Planner’s Gold Standard risk-targeted profiles2.
The funds will be available as part of VitalityInvest’s retirement solution, as well as their ISA and JISA ranges.
He added: “Vitality has always been a purpose-driven organisation. Through its core purpose – to make people healthier and to enhance and protect their lives – Vitality has sought to share the value of positive behaviour changes with individuals and society alike.
“Now, with the launch of the EnVIRO fund range, VitalityInvest is taking this one step further – enabling members to make more sustainable choices through our new investment solutions.”