Canadian digital investment management outfit Wealthsimple has introduced Socially Responsible Investing (SRI) portfolios to enable people invest in firms prioritising social responsibility.

The new proposition offers clients access to funds that consider environmental and societal factors including cleantech innovation, fair labour standards and low carbon emissions.

Manufacturers of tobacco or weapons, or products not having a positive social impact are excluded from the portfolio.

The new proposition will also offer access to on-demand advice from advisers by phone or email. It will charge management fees between 0.5% and 0.7%.

The portfolio will be available to UK residents at a minimum investment of £5,000.

Wealthsimple CEO Europe Toby Triebel said: “We always look to our clients for feedback on which features they want to see next, and SRI has been requested from the first day we launched in the UK. It’s reflective of what matters to investors today, and we’re really excited to be the first digital wealth manager to introduce an SRI offering, and to make it incredibly simple and accessible.”

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