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Waverton Investment Management has launched a new Enhanced Responsible Investment Service (ERIS), aimed at those investors who would like an additional ethical, environmental or social overlay enabling them to include or exclude certain themes and product involvement areas in their portfolio to reflect their specific personal values.

Whilst Waverton says analysis of Environmental, Social and Governance (ESG) factors is implicit in its security selection process and reflected in the ESG quality standards it imposes across all the investor portfolios it looks after, the new service adds a further dimension in client-led requirements. It is available either via a model portfolio to those clients with £500,000, or via a bespoke service for those with over £3m.

Waverton is focusing on positive themes

Waverton has developed three positive themes which act as an umbrella for the ERIS criteria and which align with the United Nations’ Sustainable Development Goals (SDGs). These are: protecting the environment, health and wellbeing and positive social practices.

The Waverton model portfolios pursue positive themes, plus ability to exclude fossil fuels, armaments, animal testing, alcohol, tobacco, gambling and adult entertainment.

The Waverton bespoke portfolio pursues similar themes, plus has the ability to exclude over 20 product involvement/environmental/social areas including nuclear power, palm oil, pesticides, speciality leather and predatory lending.

“Ongoing change and growing ESG scrutiny”

Waverton offers a range of portfolios including equity, growth, balanced and cautious, across a range of asset classes including direct equities, bonds and investment trusts.

Responsible investment is embedded within Waverton’s investment process and the firm says its clients increasingly want to ensure this is reflected in their investment portfolios.

Jennifer Fisher, Head of Equities, said:

“It is our belief that in a world of ongoing change and growing ESG scrutiny, a company will have to operate to high, or improving, ESG standards to sustain a competitive advantage and build a durable business that creates long-term shareholder value”.


Waverton has a highly experienced team of dedicated equity research specialists across all major regions, responsible for providing stock recommendations based on clearly-defined investment criteria. Ideas are primarily generated internally but during its detailed analysis, the research team also uses data provided by external research sources that include two ESG specialist providers. The latter informs rather than drives idea generation and stock selection.

Also integral to Waverton’s approach is active engagement with companies in all sectors (over 1,000 company meetings a year) and voting on all core holdings in partnership with Glass Lewis, the leading provider of independent voting advisory services.

William Dinning, Chief Investment Officer at Waverton, said:

“Responsible investment is reflected in all our client portfolios, demonstrated in MSCI’s AA ESG Leader rating for our flagship multi-asset Portfolio Fund. In addition to the elevated responsible investment standards offered to all clients, a growing number also wish to reflect their own ethical, social and environmental values in their personal portfolios. We are able to do this through our new Enhanced Responsible Investment Service, led by Mary Haly”.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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