BlackRock Charifaith Common Inv Acc (OEIC/Unit Trust)
SRI / Ethical Overview
Charifaith is a Common Investment Fund (“CIF”) established under the Charities Act 1993 (superseded by the Charities Act 2011). The Fund is designed for any registered charity. It is the first fund in the UK to reflect the ethos and teachings of the Catholic Church and, as such, seeks to avoid investment in companies with a significant proportion of revenues from armaments, pornography, tobacco, abortion and contraception. Furthermore, the Fund monitors companies for breaches of core International Labour Organisation standards, be they age, race or creed related. The investment objective of the Fund is to seek to achieve capital growth and a growing level of income.
SRI / themed / ethical assets under management – overview
- Fund Size (GBP millions): GBP 164.616 (as at 21 Sept 18)
SRI Policies (Primary strategy in bold)
- Tobacco production avoided Find fund options that exclude manufacturers of tobacco (or related) products. This typically relates to ethical funds however funds from other SRI Styles commonly avoid this area also. Strategies vary and funds may invest in retailers of such products (e.g. supermarkets or hotels.) See fund information for further information.
- Armaments manufacturers avoided Find ethical fund (and other SRI) options that avoid avoids companies that manufacture products intended specifically for military use. Fund strategies vary - particularly with regard to non strategic military products. Read fund literature for specific details.
- Pornography avoidance policy Find ethical fund option - and in some cases other options - that avoid companies that derive significant income from pornography. See fund details for further information.