Unicorn Asset Management is launching a socially responsible investment service within its existing AIM IHT offering, in partnership with WM Capital Management.
Investors in the service can now opt for additional ESG criteria through the ‘Responsible Growth Focus’ or ‘Responsible Income Focus’ portfolio options.
At the same time, the initial fee on this service is being dropped from 2 per cent to 0.5 per cent until 30 June 2021.
Discretionary fund manager WM Capital Management is responsible for the day-to-day management duties of this portfolio.
The AIM IHT service aims to provide IHT exemption to investors, as stocks on this market can quality for such exemption after an initial two-year holding period.
Chris Hutchinson, director of Unicorn, said these portfolio options were the first time ESG considerations have been implemented in an AIM IHT service.
“Conducting our research in-house delivers important advantages when investing in AIM-listed companies, where we have the opportunity to offer meaningful support to high growth, but typically under-brokered and under-researched companies,” said Hutchinson.
“We wish to maximise this opportunity within the Unicorn AIM IHT Portfolio Service, by providing investors with effective and efficient mitigation of their IHT liabilities without the time lag or complexities of some of the more traditional solutions, while also tailoring the service to meet the growing demand for socially responsible investment solutions.”
Jon Yarker is a freelance reporter for FTAdviser