What is an "ethical fund"?
An ethical fund is also what we might call a Socially Responsible Fund. There's an acronym of SRI: Socially Responsible Investing. The purpose of an ethical fund is to buy securities or stocks from companies that are socially responsible, though that really depends on how you define socially responsible. If you're looking at a ethical fund, you want to look at their categories of what they think is socially responsible. There are a lot of different ways to define what is responsible and what isn't, and different funds may approach that a different way.