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The Stewardship fund invests in companies listed on the UK stock market whose products, services and operations are considered to be of long term benefit to the community both here and overseas.
The investment and ethical approach is autonomous. Thus F&C have a separate ethical committee. Its job is to screen for appropriate investments from an ethical point of view as well as actively engaging with companies regarding their environmental and social policies. It should be noted that the Stewardship family is relatively "dark green". Thus investments in companies involved with armaments, gambling, alcohol and tobacco industries are avoided as far as possible. As a consequence, the managers do not regard financial gain as the sole criterion for investment, but look to wider issues.
The investment process can be described as "bar bell" in that c30% of the portfolio will invest in bonds and higher yielding equities to provide income and the other portion in more conventional growth stocks. This strategy has been adopted as those areas of the stockmarket, which generally have higher dividends such as oils, are generally considered unethical for the fund.