Nutmeg has made a concerted push into the ESG market through the launch of a 10-strong socially responsible managed portfolio range.
The portfolios will invest in line with the Principles for Responsible Investment supported by the United Nations, including negative screens that endeavour to support business with a positive impact.
Nutmeg will charge investors a management fee of 0.75% up to £100,000, and 0.35% beyond that, for the portfolios.
Alongside this, Nutmeg intends to provide environmental, social and governance scores for its entire investment range.
The digital wealth manager will rank portfolios on issues covering corporate tax, measures to guard supply chain problems and the investment’s carbon footprint.
All Nutmeg portfolio scores will be calculated using thousands of data points collected by MSCI.
‘Whether it’s ethical, green, sustainable, ESG, or socially responsible, it isn’t always clear what these labels mean for investments, or investors,’ said Shaun Port (pictured), chief investment officer at Nutmeg.
‘There’s very little information for people who want to know if their investments are in line with their values; be they reducing carbon emissions, gender equality on boards or a business’ management of their data. We’re changing that.’
Eric Moen, managing director of MSCI ESG Research, who is providing the ESG scoring for Nutmeg, said: ‘We are happy to be working with Nutmeg, to respond to growing demand from retail investors for more transparency and reporting on ESG metrics.’
Nutmeg recently began piloting a financial advice service, which offers a one-on-one review with a professional adviser and tailored financial advice with personal recommendations.