Ditching fossil fuels will pay off: Fund manager

Hunter Hall has announced it is amending its investment screen to end investments in fossil fuel companies.

It already excludes investment in companies directly involved in tobacco, gambling, armaments, uranium, nuclear energy, forestry of old growth forests and intensive animal husbandry.

Hunter Hall will implement this enhancement to its ethical policy by excluding companies with a Global Industry Classification Standard of Oil, Gas and Consumable Fuels. This classification accounts for 8% of the MSCI World Index and currently represents 2.2%  or two stocks of Hunter Hall’s overall portfolio.

Chief executive David Deverall said the manager was in the process of selling the two stocks affected.