The Pension Ethical One Fund is invested primarily in UK equities to provide good long term growth prospects. The Fund also invests in UK corporate bonds to provide an element of price stability. (Corporate Bonds are similar to government securities but are issued by companies as a way of raising money.) In the medium term, this Fund may invest internationally. However, there will always be a bias towards the UK.
The choice of equities and bonds is restricted by the Ethical Policy which, for example, prevents investment in companies which damage the environment or test cosmetics on animals. Companies making a positive contribution to society, for example, those with environmental initiatives, will be favoured. Please see our Ethical Criteria leaflet (INV27) for full details of the Fund's Ethical Policy.