In Ethical Investments, Porn Is a Bigger Taboo Than Firearms

When portfolio managers try to run an ethical portfolio based on avoiding controversial sectors, they may find that investing in firearms, dirty energy and gambling can be more acceptable than adult entertainment.

Almost 40% of global credit funds would exclude adult entertainment when using negative screening, according to a note by UBS Group AG analysts led by Stephen Caprio. Meanwhile, less than 30% of funds would avoid fossil fuel or gambling firms when applying the same method.

Negative screening, or the exclusion of certain sectors and companies, is by far the most widespread method of applying environmental, social and governance criteria in credit funds, according to UBS.
Source: Bloomberg
xxx by George Mel is licensed under Wikimedia Commons Public Domain

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