Fund of the week: Ethical approach pays dividends

Far from merely restricting itself over what it can buy, some say this fund's ethical selection process is the secret to its success.

Unlike most fund managers, Andrew Millington takes all the stock-picking help he can get. First, there is his co-manager Lesley Duncan, who is currently on maternity leave. He also draws on the expertise of other fund managers in the Standard Life stable, such as Harry Nimmo.

But the most unusual source of advice is his clients. Unit holders of the Standard Life UK Ethical Trust are regularly surveyed on their ethical standards. Two years ago, they voted against airlines and, as a result, the trust's holdings were dropped.

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