Disclaimer – this is all just like my opinion dude
Abundance Innovative Finance ISA (IFISA)
I recently set this up so the jury is out on if it is any good. Abundance seem to have good feedback generally although there is the worrying case of the Monnow Valley biomass fiasco to consider.
They were the first to really start using the new innovative finance setup a few years ago.
More to come on this one!
Disclaimer – This is just like my opinion dude
AXA WF Framlington Women Empowerment Class
You might think “Oh great a fund with women empowerment in the title, it must be RAD!”
Let’s check the top 5 holdings:
Well, these don’t seem like great companies to invest in at all. I do not buy at all the argument that big corporations have the most power to accomplish social change, they created the problems and we need to ditch them, think degrowth and fund things that really empower women, which by the way consequently empowers all of us.
Let’s check the fund’s criteria…
Companies’ senior management and boards must be at least 20% female to be included in the fund’s investible universe. Signatories to the United Nations Women’s Empowerment principles are also automatically included, a factor that also informed the new name. Source
The criteria seem INCREDIBLY weak to me, this seems like a gimmick to me.
VERDICT
Avoid
Looking for an ethical fund to invest in? Me too!
It’s crazy how hard it is to find truly ethical funds. Now of course your definition of “ethical” may differ from mine, but that’s OK.
I think it’s great that you are even thinking in this direction since I refuse to believe ethical finance is a total contradiction in terms.
I’m no expert by the way. I’m just someone lucky enough to have some cash who cares about what the money ends up funding. With this blog I aim to share my hours of research and give some tips gathered from my twenty years of trying to invest ethically.
I am UK based and therefore this blog will reflect that. Although some stuff is probably universal.
So what is the problem with finding ethical investment? This article lays it out well.
Looking for places to invest? This article from Ethical Consumer has some excellent suggestions.
[I will try to gather these links and others all on one page]
The first step is caring, the second step is doing something about it. Ethical investment’s time to go mainstream has finally come in my opinion.
For a fairer world!
Finance with Ethics 