Baillie Gifford has launched an ethical income fund for the team behind its £524 million Scottish American Investment Company (Saints).
The fund will be available at an ongoing charge of 0.63% and will model the existing strategy, excluding tobacco, alcohol, and armaments.
Ross (pictured) said: 'Investors have often had to make a choice between investing for income and investing for the greater good. This fund bridges this gap for those seeking a high and rising income from responsible equity investments.'
'By hard wiring both negative exclusions and the broader consideration of the UN Global Compact into our stock selection process, and applying it to the best investment opportunities from around the world, we are confident we will be able to invest both sustainably and responsibly on behalf of our clients.'
Edinburgh headquartered Baillie Gifford has assets under management of over £173 billion. The firm was the top selling fund group in the UK last year, with net sales of £3.1 billion.