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Parmenion celebrates “Earth Day” with 10 years of ethical investing

Parmenion, the multi award-winning adviser discretionary investment manager, is today pleased to announce the ten-year anniversary of its suite of ethical investment solutions. These innovative, ethical solutions span four profiles, each with a 5 Diamond rating from Defaqto, allowing Parmenion to become one of the leaders in the market over the past decade.

The range covers: Responsible Leaders, Sustainability Leaders, Ethical Leaders and Traditional Ethical Leaders. Each of the four Profiles is available in 10 Risk Grades, offering a unique breadth of choice of ethical style and risk level.

PIM Strategic Ethical Active Solution aims to deliver strong, risk-adjusted returns and has grown to c.£700m in AUM, with 18% of all Parmenion advisers now using the Ethical Portfolios. Of the four Ethical Profiles on offer, Profile B, the sustainable solution, has seen the highest growth over the last 12 months, up 22% to £197m, reflecting the significant increase in awareness of sustainable investing and client focus on companies demonstrating sound business responses to environmental and social issues.

Leveraging the expertise of independent input, oversight and review, the Parmenion Investment Management (PIM) ethical solution is supported by the Ethical Oversight Committee (EOC), a panel of independent experts, including IFA practitioners with decades of experience in ethical investing. The EOC rigorously assesses fund providers. This, in addition to the annual fund due diligence by the internal PIM investment managers, ensures ongoing delivery against the solutions’ mandate.

Peter Dalgliesh, Managing Director of PIM, said: “When we launched our ethical range a decade ago, ESG funds were still very much at the margin of investment selection. A huge increase in consumer awareness has led to an unprecedented rise in flows to this sector.”

Peter continued: “As pioneers in this field, we are delighted that our continued commitment to providing investors and advisers with risk-managed ESG model portfolios, targeted across differing risk profiles, has led to phenomenal growth across the range of portfolios. With net zero targets and investors and advisers now increasingly aware of the perils of greenwashing, as well as the opportunities to invest in energy transition and solutions tackling climate change, ethical investing is set to remain a major and increasingly relevant theme for investors going forward.

The past twelve months have seen a 22% growth in our Profile B sustainable solution alone, demonstrating that, even in the midst of market instability due to Covid, investors are increasingly seeking out ethical investment opportunities.

We are immensely proud to be celebrating a decade of experience in offering these solutions to our adviser clients and look forward to continued rapid growth throughout 2022 and beyond.”

The suite of ESG solutions are available on Parmenion’s award-winning platform technology.

There’s no guarantee the models or funds will meet their objectives. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they pay in.