The first retail ethical investment fund in Malta was launched today by APS Funds SICAV p.l.c.
The new ethical fund – the APS Regular Income Ethical Fund - will be managed by APS Bank Ltd.
It essentially aims at securing a good return for investors, adopting a medium-risk profile. It also undertakes to follow an ethical policy when choosing where to direct the fund's investments.
It will only support companies which bring positive changes to society and to the environment, and will discard investments which infringe the fund's declared ethical policy.
Accordingly, it will combine investors' financial goals with concerns for social, environmental and ethical values. Investors can apply as Friday. During the launch period no upfront charges will be incurred.
APS Funds SICAV p.l.c. was set up in 2008 to provide additional investment opportunities, in line with the consistent philosophy of APS Group to encourage savings.