Robo-advisor Nutmeg launches socially responsible investment portfolios
By Jeremy Wannell
Socially responsible investing (SRI) is a growing approach to investing with an eye toward environmental, social and governance principles. It includes a concern with both what a company does and how it does it both internally and externally. At this point, the movement has grown to the point that so-called robo-advisors are getting in on the act. Nutmeg is one of the latest to launch an SRI portfolio range.
The intersection of robo-advice and SRI
The advent of socially responsible investing has had a positive and growing response with young people just a bit more interested than the older crowd. Earlier this year, a survey found that while only 23 percent of those over 55 were interested in SRI, over 55 percent of those under 45 were interested.
Photo courtesy of reynermedia.