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The Royal London UK Ethical Equity Fund is under review

27 June 2017

We've been advised that Royal London is reviewing the Royal London UK Ethical Equity fund with a view to closing it in due course.


Royal London have stated:

"We monitor all funds closely as part of our on-going product governance. We consider a range of factors that impact our funds, including value for money, net sales of shares (in terms of the funds’ viability) and concentration risk among other things.

The UK Ethical Equity fund has been placed under review after falling short against some of our product governance measures. In the latest review the areas that caused particular concern for the UK Ethical Equity fund are:

  • Investment risk: the fund is small with only c.£33m AUM therefore it is difficult for the manager to efficiently diversify.

  • Concentration risk: the fund is small and if some larger investors were to disinvest from the fund this might force us to suspend or shut the fund.

  • Investor Growth: the fund’s investor base has not grown sufficiently in the last five years and sales growth is unlikely to decrease the concentration risk or investment risk issues.

Given the issues described above, RLUTM have deemed it appropriate to review the future of the fund and consider alternative options for clients and we believe this may include taking steps towards its closure. It is anticipated the review will take up to eight weeks at which point we will contact you again to explain our course of action. In the meantime the fund will operate as usual and no action is required by investors."

If Royal London decide to close the fund then we will notify you as soon as we can.

This fund is only available on the Zurich Intermediary Platform.