Sli ethical investors bring airline stocks down to earth

criterion Life investing (SLI) has announced that its ethical funds will no thirster invest in air hose stocks.

This new policy has been adopted as a directly result of feedback received in the criterion Life 2007 annual ethical investor survey in which 30% of respondents stated that they would prefer a complete exclusion of air hose stocks from the funds.

SLI’s Julie McDowell tells Expat Investor, “The views of investors in our ethical fund range are of paramount importance to us. We are unique in carrying out an annual survey to understand investor wishing and concerns and we seek, where possible, to reflect those concerns in the standard applicable to our ethical funds.

“The criterion Life Ethical Committee, which is comprised of senior Standard Life managers and three person investors in the ethical funds, has considered the consequence of our 2007 ethical investor study.

“In light of the sizeable percentage of our investors wishing to avoid investing in air hose, the Ethical Committee has decided that our ethical policy should be adapted to reflect these views.

“I am sure that investors welcome the fact that they play an important part in portion to shape our ethical fund standard.”

criterion Life investing currently manages £588.5m over its ethical fund range which includes the UK Ethical, Ethical Corporate Bond, European Equity Ethical, Life Ethical and Pension Ethical funds. The fund trough this year also launched an ethical investing micro-site – www.focusonethical.co.uk which characteristic fund director interviews, ethical stock narrative, ethical guidelines and literature of involvement to the ethically minded investor.

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