Fund firms sign up to retail platform

The Big Exchange aims to make a difference in society while giving access to ethical, low cost investments

Pictet Asset Management, Quilter, Stewart Investors, WHEB Asset Management, and Tortoise have become the latest asset managers to sign up to a retail fund platform exclusively offering impact funds.

The Big Exchange evolved from The Big Issue magazine and aims to offer impact funds to retail customers at the lowest possible cost, while investing in businesses that positively impact society and the planet.

The new signatories will join the already committed Big Issue Group, Aberdeen Standard Investments, Columbia Threadneedle Investments, Alliance Bernstein, and Alquity in offering their funds on the platform.

“It is fantastic news to have additional support of Pictet, Quilter, Tortoise, Stewart Investors and WHEB who are all key players in developing impact and ethical investing,” said Jill Jackson, the recently appointed managing director of The Big Exchange.

“The proposition is ground breaking; it’s a mission-driven business that is more effective and sustainable because it’s not a charity. It will help millions of people to help each other build a better society as well being a channel for them to invest for long-term financial returns.”

Retail customers of the site can pick individual funds, or collections of strategies, that suit their personal impact preferences. 3D Investing and Square Mile Investment Consulting and Research have also joined the platform to work on the fund selection process.

“People are increasingly looking for investments that have a social purpose and that generate impact,” said Richard Romer-Lee, managing director of Square Mile.

“The Big Exchange is an ambitious project to democratise positive impact investments,” added George Latham, managing partner of WHEB Asset Management.

“It has the potential to reconnect and mobilise disengaged savers with the outcomes their money is working towards in society. WHEB is really pleased to be involved.”