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Helena Morrissey championed Girl fund merged away after flows fail to materialise Fund’s assets failed to get above £50m since launching in 2018 Legal & General Investment Management has merged away its Future World Gender in Leadership UK Index fund, known widely as the Girl fund, after it failed to attract money from investors. Championed by the then head of personal investing at the group Helena Morrissey (pictured), LGIM launched the Girl fund in 2018 with the aim of raising gender diversity standards in companies across the UK equity market. The group created a proprietary index for ...

Interactive Investor dumps L&G Ethical Trust from buy list after mandate change Fund has also changed its name to better suit its new global SRI focus Interactive Investor has dropped the L&G Ethical Trust from its ethical buy list after the index tracker changed its mandate from UK to global. The unit trust had tracked companies in the FTSE 350 index whose businesses meet the ethical and environmental guidelines of the fund, but on Thursday its benchmark switched to the MSCI World SRI Index and it has been renamed the Legal & General MSCI World Socially Responsible Investment Index fund.