Hargreaves prunes Edentree income fund from buy list
After a second set of manager changes in less than three years
After a second set of manager changes in less than three years
He was previously senior fund manager on its Responsible & Sustainable Sterling and Short-Dated bond funds
Quartet of hires join from BMO Gam, Investec and Invesco Perpetual
While investors yank more cash from Baillie Gifford and Blackrock
‘With everyone claiming they are experts, it has become very difficult for investors and advisers to work out what to do,’ says EdenTree’s CEO
Scott Dakers has over three decades’ worth of experience, including at Abrdn
Lack of ‘track-record’ with these types of products not an issue, according to one adviser
Andy Clark will replace Sue Round as chief executive of the sustainable investment firm
Investors press UK bank to drop financing for the fossil fuel
Potential ‘greenwashing’ unsettles professional investors
Impact investing, as a dedicated niche of sustainable investing, is under threat by greenwashing from mainstream asset managers, specialists warn.
EdenTree fund manager Sue Round has blamed “savage downgrades” among fund holdings for recent fourth quartile performance, including Provident Financial, which she argues does hold a place in an ethical portfolio.