Scottish Widows Threadneedle UK Social Bond (Life)
SRI / Ethical Overview
Threadneedle describe their fund's aim as follows:
To achieve a total return (by way of income and capital appreciation) through investments that are deemed to be supporting and funding socially beneficial activities and development, primarily in the UK. The investment policy is to maximise exposure to socially beneficial activities and development, based on assessments produced under the fund’s Social Assessment Methodology.
The Fund was launched in partnership with the Big Issue Group’s social investment arm, Big Issue Invest (BII). The SW Threadneedle UK Social Bond Fund targets social and financial aims by investing in the bonds of organisations that they believe assist UK social and economic development. The Fund’s annual management charge is divided between Columbia Threadneedle and BII, helping it to further fund its social programmes. In addition, Columbia Threadneedle allocates profits from the Fund towards its own Foundation.
The Fund invests in debt securities, predominantly in the UK, that are seen by BII as having a focus on beneficial social effects, be it for individuals, the local community or society as a whole. The Fund can invest in any category of tradeable debt security, including those issued by supranational, voluntary, public or private bodies.
SRI Policies (Primary strategy in bold)
- Social policy Find fund options that consider social issues (e.g. human rights, labour standards, equal opportunities, child labour and adherence to internationally recognised codes such as the UN Global Compact). This will include funds in most of the different SRI Styles as this is considered a core issue. See fund information for detail.