Morningstar Investment Management has launched a range of risk-profiled ESG portfolios initially available through the Standard Life Wrap platform.
The range comprises five portfolios aligned to Morningstar’s established risk profiles and uses a mix of active and passive funds to keep an eye on costs.
Morningstar IM said collaborating with Standard Life Wrap gives its portfolio managers access to the platform’s growing range of ESG ETFs as well as its traditional open-ended funds.
The portfolio management team will draw on expertise from nearly 90 investment professionals around the world to select funds with a high Morningstar sustainability rating and low portfolio carbon risk score.
Morningstar IM chief investment officer EMEA Dan Kemp (pictured) said: “Environmental, social, and governance concerns are becoming an important part of the financial planning process. Our aim is to enable investors to incorporate their values as part of their investing goals and also help advisers provide a broader range of solutions to their clients.
“Investors wishing to express their views should be able to do so while maintaining access to the highest quality investment strategies. We therefore apply the same rigour and resources we use to manage our conventional portfolios while ensuring that the underlying holdings are consistent with well-established ESG criteria.”
David Tiller, head of UK propositions at Standard Life, said: “ESG is rightly growing in popularity, as investors are increasingly seeking ways for their money to work in a positive way and have a lasting impact on the planet. Providing investors with high quality choice is a fundamental objective for us and we are pleased to work with Morningstar on this launch.”
