Green, socially responsible investing is all the rage. It's a welcome trend in a world where evidence of frightening climate change is everywhere.
It's spawned a rash of investment funds with an 'ESG' label – ESG standing for environmental, social and (corporate) governance – and it has got a lot of youngish people interested in investing for the very first time.
Recent research by Boring Money suggests that more than six in ten adults between the ages of 18 and 34 would choose a new fund manager based on ESG factors.
Flying the flag: At the end of the day, L&G's fund principally invests in government bonds issued by the Ministry of Finance of the People's Republic of China