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Ethical investments back in favour

Ethical investments back in favour

Category: Investments

Updated: 05/11/2009
First Published: 05/11/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Ethical investments appear to be finding favour with investors once more, with sales of funds in the third quarter more than doubling the total seen in the same period last year.

The figures chime in nicely with a report published earlier this year which forecast that the number of people investing ethically – typically companies that avoid dealing with such activities as armaments or tobacco, for instance – would significantly improve during 2009.

This prediction has been borne out by figures from the Investment Management Association (IMA), which show that net sales of ethical funds totalled some £59 million in the period between July and September this year.

During the same period in 2008, net sales amounted to £21 million, less than half of this year's total.

It marks a welcome reversal of trends after a £18 million outflow from the sector during the second quarter of the year.

Commenting on the statistics, Penny Shepherd MBE, chief executive of UKSIF, said: "Investment in ethical funds has returned to levels not seen since the credit crunch took hold, with a near threefold increase in year-on-year net sales - the highest since 2007.

"Encouragingly, ahead of National Ethical Investment Week, which starts on 8 November, this highlights a growing trend of investors wanting to make money and make a positive difference to the world they live in."

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