Reflect human rights through investment at MB Fund

In response to current events & popular demand, the MB Fund is proud to announce a new suite of ethical options under the Human Rights category. These options will screen out companies that are located in countries that do not meet the criteria you have selected.

No Undemocratic Countries

Removes companies from countries that score below 7 on the Democracy Index (from the Economist Intelligence Unit). Note this category removes some countries that are rated as Flawed Democracies like Singapore, Hong Kong or Brazil. Also removes companies where more than 20% of the company is owned by a government organization from a country that rates below 7.

No Economically Repressed Countries (Worst Offenders)

Removes companies from countries that rate either “Repressed” or “Mostly Unfree” as assessed by the Index of Economic Freedom (Wall Street Journal and the Heritage Foundation). Also removes companies where more than 20% of the company is owned by a government organization from a country that is Repressed or Mostly Unfree

No Economically Repressed Countries (Any)

Removes companies from countries that are not either “Free” or “Mostly Free” as assessed by the Index of Economic Freedom (Wall Street Journal and the Heritage Foundation). Note that this category removes many European Countries like Spain or France – the “worst offenders” version does not. Also removes companies where more than 20% of the company is owned by a government organization from a country that is not free or mostly free

No Morally Repressed Countries (Worst Offenders)

Removes companies from countries that rate “Insufficient Moral Freedom” or below as assessed by the World Index of Moral Freedom. Note this category removes countries like Singapore, South Korea or China. Also removes companies where more than 20% of the company is owned by a government organization from a country that has low or very low moral freedom. Religious freedom, bioethical freedom, drugs freedom, sexual freedom, and family and gender freedom are assessed.

No Morally Repressed Countries (Any)

Removes companies from countries that score below “High Moral Freedom” on the World Index of Moral Freedom. Note this category removes countries like Japan, Singapore, South Korea or China. Also removes companies where more than 20% of the company is owned by a government organization from a country that rates poorly.

Current clients can log into their MB Fund client portal and select these new options under the ‘Ethics’ tab in their account dashboard. For a detailed explainer of the dashboard click here.

For more information and our take on recent global events impacting human rights click here.

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Tim Fuller is Head of Operations at the Macrobusiness Fund, which is powered by Nucleus Wealth.


The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.

Comments

  1. and German exports fell 1.8% m/m while Japan’s machinery orders fell 2.4% m/m. But our punters going from strength to strength.

  2. Lol reminds me of the old no tobacco, gambling and alcohol ethical screens. So a screen selecting the tobacco, alcohol, gambling stocks would be referred to as the “sin” screen. Sounds like nothing really new in markets, just a long merry go round.

  3. Perhaps at the bottom of the ethical options page, you could include one final selection:

    All The Above (otherwise known as Cash)

    • Presumably US Treasuries would be a no-no on a whole host of grounds: including bombing brown people on a regular basis, bullying other nations, Hillary Clinton, Taco Bell, Billy-Ray Cyrus, Obamacare, GM motor cars, trade wars, John Bolton, Hershey’s chocolate …. I could go on.

  4. Today we added dodgy collapsing balconies to the ever growing list of apartment dodgy building practices. If that wasn’t enough for you then how about a body corporate corrupted by proxy votes and laundering exorbitant strata fees, and landlords being rorted by subletting tenants:

    https://www.youtube.com/watch?v=vhDzgVEor7E