Member Article

Socially responsible investing is outperforming expectations, announces Frenkel Topping Group

Frenkel Topping Group has reported that its recently-launched socially responsible model investment portfolio (SRMP) is performing well against traditional investment funds.

The specialist independent financial adviser and wealth management firm launched its socially responsible investment programme six months ago in response to growing demand – particularly amongst the millennial generation.

Frenkel Topping Group first introduced its SRMP (the ESG Portfolio) to meet increasing demand from younger clients to ensure that their money was being invested in socially responsible holdings that prioritised environmental, social and governance (ESG) factors such as sustainability, diversity, inclusivity and safe working conditions.

The fund is managed by Ascencia Investment Management, Frenkel Topping Group’s discretionary fund management (DFM) offering, and in accordance with the UN’s Sustainable Development Goal Framework – and is targeted at individual investors and legal professionals who invest on behalf of their clients.

Many other investment firms are now following suit and Richard Fraser, CEO of Frenkel Topping Group, feels that it marks a “seismic shift” in methods of investing.

“We identified this trend some time ago now and moved quickly to build a model portfolio that demonstrated a blend of the best environmental, social and governance practices. We are delighted to see the positive response thus far”, Mr Fraser said.

He added: “With the rise of social media and the digital age, we now live in a world where people have access to an endless supply of information.

“Millennials grew up alongside social media and with all that information right at their fingertips, so it was almost a natural progression in that respect as they are a socially conscious generation.

“We have seen a rising number of enquiries from clients of that age bracket with sums of money big and small who, rather than looking to secure as big a return as possible on their funds, are looking for long-term asset growth through investments that achieve a positive impact.”

The same generation is set to inherit an estimated £30 trillion, as more and more millennials find themselves with additional cash to invest. Mr Fraser anticipates that this socially responsible approach may eventually overtake traditional methods of investing.

Frenkel Topping Group manages the financial assets of people who have suffered catastrophic injuries, including those awarded large compensation payments through personal injury or clinical negligence claims.

This was posted in Bdaily's Members' News section by Emily Hallinan .