The 外网天堂 investment policy
Our commitment to socially responsible investment management
We鈥檙e committed to managing investments in a socially responsible way.
Our ethical policy strictly forbids us from directly investing in companies involved in the following areas.
Cluster bombs and landmines
We have zero investment in companies involved in the manufacture or sale of cluster bombs and landmines. Investment in such companies is prohibited under international law.
Armaments
We have zero investment in companies:
- manufacturing complete weapon systems
- earning 10% or more of their revenue from components, support systems or services designed for weapons
Civilian firearms
We have zero investment in companies involved in the manufacture or sale of civilian firearms.
Adult entertainment
We have zero investment in companies earning 5% or more of their revenue from adult entertainment activities.
Alcohol
We have zero investment in companies earning:
- 5% or more of their revenue from alcohol production
- 10% or more of their revenue from selling alcohol-related products or services
Gambling
We have zero investment in companies earning:
- 5% or more of their revenue from gambling operations, or
- 10% or more of their revenue from gambling-related products or services
Tobacco
We have zero investment in tobacco producers or any company earning 10% or more of their revenue from tobacco-related products.
Thermal coal
We have zero investment in companies earning 5% or more of their revenue from the extraction of thermal coal.
Oil tar sands
We have zero investment in companies earning 5% or more of their revenue from the production of oil from tar sands.
Predatory Lending
We have zero investment in companies earning 5% or more of their revenue from activities connected to predatory lending.
Ethically unacceptable practices
We also avoid investing in companies that are involved in ethically unacceptable practices, such as:
- Corruption
- Environmental degradation
- Poor labour practices
- Human rights breaches
- persistently, knowingly and materially breaching international legal standards
See the full breakdown of our portfolio
Last updated on 18 September 2025
| Investments | Asset Type by Location | Market value £ | Weight % |
| Equity | Asia Pacific Basin Equities Ex Japan | 394,232.21 | 0.31% |
| Equity | Chinese Equities | 866,338.42 | 0.68% |
| Equity | European Equities Ex UK | 9,732,049.02 | 7.66% |
| Equity | Global Equities | 3,935,769.10 | 3.10% |
| Equity | Japanese Equities | 2,896,833.46 | 2.28% |
| Equity | UK Equities | 5,387,474.52 | 4.24% |
| Equity | US Equities | 46,690,538.39 | 36.74% |
| Equity Total | 69,903,235.12 | 55.01% | |
| Bond | Sterling Corporate Bonds | 7,549,666.01 | 5.94% |
| Bond | UK Gilts | 9,887,557.36 | 7.78% |
| Bond Total |
17,437,223.37 |
13.72% | |
| Alternative Investments | Absolute Return | 2,466,563.33 | 1.94% |
| Alternative Investments | Commodities | 4,495,014.84 | 3.54% |
| Alternative Investments | Infrastructure | 2,411,202.13 | 1.90% |
| Alternative Investments | Other Alternatives | 625,262.70 | 0.49% |
| Alternative Investments | Private Equity | 861,946.93 | 0.68% |
| Alternative Investments Total | 10,859,989.93 | 8.55% | |
| Liquid Assets | Liquid Assets | 5,514,113.17 | 4.34% |
| Liquid Assets Total | 5,514,113.17 | 4.34% | |
| Property | Direct Property UK | 3,117,576.06 | 2.45% |
| Property Total | 3,117,576.06 | 2.45% | |
| Multi-Index Fund | Multi-Index Fund | 20,235,373.23 | 15.92% |
| Multi-Index Fund |
20,235,373.23 | 15.92% | |
| Grand Total | 127,067,510.88 | 100.00% | |
