APS Funds SICAV plc yesterday launched Malta’s first retail ethical investment fund.
The APS Regular Income Ethical Fund will be managed by APS Bank with a medium-risk profile. The fund manager is to direct the fund’s investments towards companies which bring positive changes to society and to the environment. It will discard investments which infringe the fund’s ethical policy, APS Bank’s head of asset management Sandro Baluci said yesterday.
The fund will combine investors’ financial goals with concerns for social, environmental and ethical values. Investors can apply from tomorrow. There will be no upfront charges during the launch period.
Mr Baluci described the ethical fund as an important milestone for APS Funds SICAV plc and APS Bank. APS Funds SICAV plc was set up in 2008 to provide additional investment opportunities in line with the consistent philosophy of APS Group to encourage savings.