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With the various climate change threads on here, and COP26 ongoing in Glasgow, I've been thinking what else I/we could do to be more green.
Anytime investment advice has been raised as a topic, the general answer is to stick your pension/isa into a vanilla global index tracker, pay in monthly and leave 'till you want to retire.
I've been broadly aware of there being ESG or Environmentally Sustainable Funds and looking at my provider I have access to Vanguard funds, principally "ESG Global All Cap UCITS ETF".
I have a few questions - Are these funds actually beneficial and do good, or are they just greenwashing to make the middle classes feel more warm and fuzzy?
With this particular fund being an ETF, am I correct in thinking if I were to transfer over my pension to it, I'd be buying shares of the fund and not fraction shares of the underlying companies the fund is invested in? Therefore should [vanguard] choose to close this fund down, I could be left penniless?
And finally, is there anyway that we can make our pensions do good, but still compound at a rate which will allow us to retire eventually?
Thanks