Michaelis targets environment and ethics

Norwich Union's Sustainable Future Managed currently playing climate change, health and safety, clean water and corporate governance themes

Norwich Union's Sustainable Future Managed is second in the Balanced Managed sector over three years, furthering the argument SRI funds can provide outperformance. The fund is one of a raft of ethical vehicles that have received attention in recent months, but manager Peter Michaelis insists they are not just a flash in the pan. He said: "I have been doing this for seven years, and the sector continues to be a success. It is not a fad, although certain areas will begin to be exploited by the rest of the market and will move from niche to mainstream. We have the advantage that we are not i...