How do I choose a Socially Responsible fund?
We’ve got a few Socially Responsible funds to choose from, including Royal London Emerging Markets ESG Leaders, and Old Mutual MSCI World ESG Index. You can swap our standard global shares fund for Old Mutual by tapping ‘Switch to Socially Responsible global shares fund’ in-app when choosing your Starting Option. And, you can always customise your allocations later on to increase or decrease your exposure to this fund.
The Royal London Emerging Markets ESG Leaders fund isn’t in our Starting Options, but you can customise your allocations to bring this fund into your portfolio. You can customise your allocations when registering, or in-app by going to Settings > Allocations for existing users. Please make sure you fully understand how changing the allocation could impact your investment return and risk level before making any changes to these allocations.
Please note that the ongoing fees for the Old Mutual fund are higher than for the standard global shares fund that Moneybox offers (0.24% compared to 0.14% per year).
Old Mutual is also based in Ireland and is recognised by the FCA for sale in the UK. It is not covered by the Financial Services Compensation Scheme.