I have recently asked my financial advisor to review my pension funds and recommend me some ESG funds (ESG stands for Environment, Social and Governance and an ESG fund means that the fund manager has somehow integrated these factors in their investment decision making process). A few weeks later the FA replied with a copy of factsheet for something called Responsible Portfolios. The leaflet reads:
Responsible Portfolios provide investors a range of six multi-asset responsible portfolios that invest across a diverse range of third-party investment funds managed with various responsible criteria (where possible) with the aim of meeting the needs…
Make this test. Put together a group of people with skilled jobs, established careers, capable of living decent lives -note that I am not pointing out to high-net-worth individuals but you can be ascertain that this is a very privileged group -but with no time or interest in dealing with the complexities of the financial world (that’s pretty much the majority of my friends and acquaintances outside financial services).
Ask this group three questions:
Firstly, ask how many of them would see themselves as investors, it does not matter if they invest in equities, bonds, or any other securities. …
The Sofa Activist
From individual to responsible investor
