Feel-good funds hold their own

It’s the ultimate feel-good investment, a fund that eschews tobacco, coal, alcohol, gambling, firearms and big pharma. Supporters say that these funds are making the world a better place but critics believe that environmental, social and corporate governance strategies are little more than the latest sophisticated money-making marketing tool. "To us it’s about buying everyday companies that do things well," says Ethical Partners Funds Management chief executive Matt Nacard.