Cruelty Free Money

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Vegan investment funds – do they perform?

Performance Update to 31 March 2014  Performance

Cruelty Free Funds around the world continue to perform well.  I have contacted the three main cruelty free funds (2 UK and 1 Australian) for up to date performance.  The figures are provided below.

If investors in cruelty free investment funds can make money over the long term without exploiting animals, people and our planet, why on earth would anyone choose to make money by abusing animals, people and our planet?  It makes no sense. The old saying “what goes around, comes around” applies really well to long term investment.  I like to think of long term investment as a reflection of my personal values; it speaks about the person that I am.  If everyone followed a responsible investment philosophy, we would all notice the difference really quickly.  However, most people are either ignorant of the impact that their money has or choose to make it someone else’s responsibility to make things better, whilst they continue to make things worse.

Think carefully about the implications of the following statement that I like to use:

“We will get the future we invest for”

If one’s money is invested in destruction of the environment, human rights abuse and the exploitation of animals, then one’s future will be a very sad place – a degraded environment that can’t be enjoyed, dispossessed people migrating to find a better life and a lack of biodiversity threatening our long term survival.  If someone wrote this down as their long term aim, we’d think they were quite mad.  And yet, society considers it completely normal to invest money in a way that virtually guarantees these outcomes. It’s a crazy old world but at least those who invest ethically are working to make it a little more sane.

Anyway, let’s look at the figures that I have gathered:

Australia

Cruelty Free Super Balanced

Australian Financial Year to date: 11.59% (Benchmark 11.49%);

1 Year: 9.89%

3 Years: 9.47%

UK

Henderson Global Care Growth

1 Year: 17.5%

3 Years: 28.3%

Kames Ethical Growth

1 Year: 11.6%

3 Years: 47.4%

 

All three funds are quite different, have different investment objectives and therefore should not be compared to each other.  The figures have been taken from investment web sites or direct from the fund managers. This information is provided simply as a point of interest and does not constitute financial advice or a personal recommendation.

 

 

FIRST PUBLISHED 5 AUGUST 2012……

As you will see on the “CFM around the World” section of this site, there are three stock market funds which can be classed as Vegan-friendly.  Two of these are available as investment funds in the UK and in Australia there is Cruelty Free Super.

The big questions asked by so many people is can one invest in a fund with vegan criteria and still make money?  In a completely non-scientific way, I have asked each of the three companies to give me information about their performance over the last few years using the most appropriate benchmarks for their own funds.  As Cruelty Free Super was only launched in October 2010, I haven’t asked the much longer established companies to provide performance information before this, to keep the comparison between all three funds to roughly the same time period.  I am not trying to compare the funds against each other, as they are all different.

In alphabetical order, the results are:

Cruelty Free Super (Australia)

Return for CFS from 10/10/2010 to 16/06/2012 was positive 5.38%, versus the ASX 200 negative 13.0% (Gross)

Return for CFS from 1/7/2011 to 12/6/2012 was positive 3.02% versus the ASX 200 negative 11.61% (Gross)

Return for CFS from 1/7/2011 to 30/4/2012: Net positive 4.45% versus gross ASX 200 negative 4.59%

Since the end of April 2012 investment markets have been very poor (CFS 1/7/2011 to 12/6/2012 positive gross 3.02% versus negative 11.61 from the ASX200).

Henderson Global Care Growth (UK)

 Henderson Global Care Growth A

Year to Date *

 

1.83%

1 Year *

 

-8.94

Benchmark

-3.12%

-8.11%

 

 

 

 

 

 

 Kames Ethical Equity (UK)

Ethical Equity

1 Year *

 -4.53%

2 years *

10.04%

Median

-3.83%

8.84%

 

 

 

 

 

* – figures to 16/7/12

 

 Conclusion:

The above is rather simplistic and only a snapshot but what it shows is that against their appropriate benchmarks/markets and non-ethical peers, the Vegan funds have performed really well. Is it because they are Vegan?  I’d like to say yes, but I am not sure that there is enough evidence to prove this.  It is more likely that the funds are all run by good managers who have to work harder within the ethical criteria to pick the right stocks and this extra hard work pays off.

So, if you’ve been holding out from investing in line with your values, isn’t it about time you chose the option which isn’t going to exploit animals, people and our planet?  If you are in Australia or the UK, now is the time to stand up and invest in line with your values.

 

Note – past performance is no guide to future returns.  There is no element of financial advice or recommendations in this comparison, it is purely a way of answering the big question posed earlier.

 

 

Posted in Animals, Cruelty Free Money - general, Our Planet, Pensions (UK), People, SUPERFUNDS (Australia) | 9 Comments

Cruelty Free performance

Performance Update to 31 March 2014  Performance

Cruelty Free Funds around the world continue to perform well.  I have contacted the three main cruelty free funds (2 UK and 1 Australian) for up to date performance.  The figures are provided below.

If investors in cruelty free investment funds can make money over the long term without exploiting animals, people and our planet, why on earth would anyone choose to make money by abusing animals, people and our planet?  It makes no sense. The old saying “what goes around, comes around” applies really well to long term investment.  I like to think of long term investment as a reflection of my personal values; it speaks about the person that I am.  If everyone followed a responsible investment philosophy, we would all notice the difference really quickly.  However, most people are either ignorant of the impact that their money has or choose to make it someone else’s responsibility to make things better, whilst they continue to make things worse.

Think carefully about the implications of the following statement that I like to use:

“We will get the future we invest for”

If one’s money is invested in destruction of the environment, human rights abuse and the exploitation of animals, then one’s future will be a very sad place – a degraded environment that can’t be enjoyed, dispossessed people migrating to find a better life and a lack of biodiversity threatening our long term survival.  If someone wrote this down as their long term aim, we’d think they were quite mad.  And yet, society considers it completely normal to invest money in a way that virtually guarantees these outcomes. It’s a crazy old world but at least those who invest ethically are working to make it a little more sane.

Anyway, let’s look at the figures that I have gathered:

Australia

Cruelty Free Super Balanced

Australian Financial Year to date: 11.59% (Benchmark 11.49%);

1 Year: 9.89%

3 Years: 9.47%

UK

Henderson Global Care Growth

1 Year: 17.5%

3 Years: 28.3%

Kames Ethical Growth

1 Year: 11.6%

3 Years: 47.4%

 

All three funds are quite different, have different investment objectives and therefore should not be compared to each other.  The figures have been taken from investment web sites or direct from the fund managers. This information is provided simply as a point of interest and does not constitute financial advice or a personal recommendation.

 

 

FIRST PUBLISHED 5 AUGUST 2012……

As you will see on the “CFM around the World” section of this site, there are three stock market funds which can be classed as Vegan-friendly.  Two of these are available as investment funds in the UK and in Australia there is Cruelty Free Super.

The big questions asked by so many people is can one invest in a fund with vegan criteria and still make money?  In a completely non-scientific way, I have asked each of the three companies to give me information about their performance over the last few years using the most appropriate benchmarks for their own funds.  As Cruelty Free Super was only launched in October 2010, I haven’t asked the much longer established companies to provide performance information before this, to keep the comparison between all three funds to roughly the same time period.  I am not trying to compare the funds against each other, as they are all different.

In alphabetical order, the results are:

Cruelty Free Super (Australia)

Return for CFS from 10/10/2010 to 16/06/2012 was positive 5.38%, versus the ASX 200 negative 13.0% (Gross)

Return for CFS from 1/7/2011 to 12/6/2012 was positive 3.02% versus the ASX 200 negative 11.61% (Gross)

Return for CFS from 1/7/2011 to 30/4/2012: Net positive 4.45% versus gross ASX 200 negative 4.59%

Since the end of April 2012 investment markets have been very poor (CFS 1/7/2011 to 12/6/2012 positive gross 3.02% versus negative 11.61 from the ASX200).

Henderson Global Care Growth (UK)

 Henderson Global Care Growth A

Year to Date *

 

1.83%

1 Year *

 

-8.94

Benchmark

-3.12%

-8.11%

 

 

 

 

 

 

Kames Ethical Equity (UK)

Ethical Equity

1 Year *

 -4.53%

2 years *

10.04%

Median

-3.83%

8.84%

 

 

 

 

 

* – figures to 16/7/12

 

Conclusion:

The above is rather simplistic and only a snapshot but what it shows is that against their appropriate benchmarks/markets and non-ethical peers, the Vegan funds have performed really well. Is it because they are Vegan?  I’d like to say yes, but I am not sure that there is enough evidence to prove this.  It is more likely that the funds are all run by good managers who have to work harder within the ethical criteria to pick the right stocks and this extra hard work pays off.

So, if you’ve been holding out from investing in line with your values, isn’t it about time you chose the option which isn’t going to exploit animals, people and our planet?  If you are in Australia or the UK, now is the time to stand up and invest in line with your values.

 

Note – past performance is no guide to future returns.  There is no element of financial advice or recommendations in this comparison, it is purely a way of answering the big question posed earlier.

 

 

Posted in Animals, Cruelty Free Money - general, Our Planet, Pensions (UK), People, SUPERFUNDS (Australia) | 1 Comment

A matter of National Security

A little note from the UK re Climate Change:

Political suicide or a politician honest enough to say what everyone else is thinking?  Ed Miliband, leader of the UK opposition Labour Party has announced that Climate Change is no longer a simple environmental issue, but something which threatens National security. In other words, everything that we hold dear as part of our normal lives is under attack from the effects of climate change.

As unprecedented floods hit the UK, yet more devastating fires hit NSW and Victoria in Australia and waves of big freezes hit the Eastern US, we still hear far too many politicians questioning the evidence for climate change.  Time will tell to see whether the deniers grow up and accept that, as Bob Dylan once said, “times they are a-changing”.

Mr Miliband’s use of the term ‘threat to National Security’ is an interesting one if we compare it what the term is normally used for – terrorism.  Now, I am not trying to play down the threat from terrorism and extremism, but from the perspective of the individual climate change feels so much more real.  People lose their homes through flooding and fires and much worse people die as a result of these ‘unprecedented’ weather events.

If governments spent as much money on countering climate change as they did on countering terrorism there might, just might, be a chance that we can save the planet.  If we can’t save our planet, does anything else really matter? If the fighting continues, we’ll be fighting over something that is hardly worth having.

It is time for the politicians to stop giving in to big business vested interests and look after the interests of everyday people. These everyday people are the ones who have to pick up the pieces when their lives are torn apart following storms and fires. And yet, all politicians can do is restrict our freedoms, make life difficult and complicated and all in the interests of ‘National Security’.

It’s time for a reality check. Maybe Ed’s comments are the start. Politicians the world over now need to join him.

Posted in Cruelty Free Money - general | Leave a comment

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