How sustainable funds invest in companies helping to combat COVID 19
The Positive Pennine Portfolios were developed in 2016. Their aim is to invest in companies that are making a positive impact on the world.
In the light of COVID 19, we wanted to highlight one of the companies in which the Positive Pennine Portfolios are invested, and the work they are doing to beat the virus.
Thermo Fisher Scientific, is held by two of the funds that make up the Positive Pennine Portfolios, with a mission of helping to make the world healthier, cleaner and safer. They have recently developed a new diagnostic kit that enables clinical and public health laboratories to quickly diagnose COVID 19. In fact, up to 94 patient specimens can be analysed in under 2 hours.
However, this is only one of the ways in which this company is responding to the challenge of COVID 19. With many researchers throughout the world working on the holy grail of finding a vaccine for the disease, Thermo Fisher Scientific is a key partner, providing the necessary laboratory equipment and the critical raw materials to carry out this research.
Thermo Fisher might be unglamorous, but it’s an important player in medical research and has also proved to be a highly profitable investment over the medium to longer term.
Source: Thermo Fisher Scientific 14 April 2020. Total return over 5 years to 13 April 2020.
Find out more about the Positive Pennine Portfolios and how they do good and avoid harm.
Investors should remember that the value of investments, and income from them, can go down as well as up. Investors may not recover what they invest. Past performance is no guarantee future results. Any mention of specific securities should not be interpreted as a solicitation to buy or sell specific securities.
Positive Pennine is a trading style of Pennine Wealth Solutions LLP, which is authorised and regulated by the Financial Conduct Authority and is only available through authorised Financial Advisers.