Parmenion IM launches passive ESG portfolios

The range of "highly diversified" portfolios will be available to both existing and new clients from 14 September, it said, offering ten risk grades, governed by strict volatility and maximum drawdown limits. It will also utilise both funds and ETFs to invest across a spread of asset classes including global bonds and equities, according to PIM. The DFM added that all the underlying funds and ETFs will be reviewed by the independent members of Parmenion's ethical oversight committee and subject to regular due diligence including assessment of their voting and engagement record, fund m...