In the Trump-inflicted market turmoil of recent weeks, it has been fascinating to see that ‘ethical’, for want of a better label, but more specifically funds in that category with a ‘sustainable’ label, have outperformed many of those of the conventional, full meat-eating variety. Fascinating as I’ve heard many predict their demise in a world less committed to climate change, or rather more sceptical thereof. At times, many of them recent, excluding oil, guns and the nastier bits of big tech and pharma has been a disadvantage, and ethical investors have had to hold their nerve, or at least on to their principles. At others, both excluding the traditional nasties and including companies and sectors which might benefi or not suffer from the chaos is an obvious advantage. If you’re in, of course be in for the right reasons. But it’s comforting to know that one those right reasons might be to make money when others are not; or at least to lose less.
“Pensions minister: ‘we have created saving pots, but not a pension system’”
The OBR (Office of Budget Responsibility, as opposed to the OBI, often said to be housed in No.11) said this week that pensions were one of the biggest problems to be faced by this and future governments.
