The “overwhelming desire to financially outperform” is a problem in finance and should not be the only goal of investing, according to Amy Clarke, chief impact officer of Tribe Impact Capital, who emphasised the need to assess the impact performance of portfolios.

“Whether we are going to outperform is perhaps the wrong question. Are we going to create the change that is required by maintaining our position in terms of managing money smartly for our clients’ financial aspirations? Yes.”

Regardless, Tribe’s medium risk portfolio has returned 9.8% this year to the end of September, according to its latest factsheet, compared to the MSCI ACWI’s 3.9% return over the same period, according to data from FE fundinfo.

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