These two funds have been aimed at institutional investors to date and the size of the funds under management in the short space of time since they were originally launched provides an indication of the growing interest institutions have for ethical investment and SRI products.
- The SRI Global Stock fund follows the FTSE All World Developed Index. It was initially launched in Euros on 7th February 2011 and has 137m Euros under management.
- The SRI European Stock fund follows the FTSE All World Developed Europe Index. It was initially launched on 29th June 2010 and has 431m Euros under management.
Vanguard say that both funds exclude companies that fail to adhere to the UN Global Compact principles and also exclude companies involved in the production of anti-personnel landmines, cluster bombs or nuclear weapons (not covered by the UN Global Compact). Worldwise Investor hope to follow up shortly with more detail on what these exclusions mean.
The funds have an AMC/TER of 0.35% for the Vanguard SRI European Stock Fund (a purchase fee of 0.20% applies) and 0.40% for the Vanguard SRI Global Stock Fund.
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