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ISA investors urged to go green

ISA investors urged to go green

Category: Savings

Updated: 12/02/2010
First Published: 12/02/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Investors have been urged to go green after it was revealed sales of ethical funds hit a two year high at the end of 2009.

The latest figures from the Investment Management Association (IMA) showed sales of ethical funds in the final three months of last year were the highest seen since the fourth quarter of 2007.

Meanwhile a separate survey conducted as part of National Ethical Investment Week found that 49% of people would like to make money and make a difference, with the desire to make a positive impact the highest among older investors.

"As we gradually move out of recession, it is vital that people carefully consider the impact of their investments to help build a sustainable economic recovery," said Penny Shepherd MBE, chief executive of UKSIF.

"One simple way to make a difference is to consider green and ethical funds as part of your ISA . With people aged 55 and above enjoying an increased ISA allowance this tax year, there is an opportunity to invest the extra cash in green and ethical funds."

According to the IMA, net retail sales of ethical funds hit £155 million in 2009.

The number of ethical funds available at the end of the year totalled 54, offering considerably more choice to investors than the 15 available in 1992, when net retail sales totalled just £10 million.

The deadline for savers wanting to make use of their 2009/10 ISA allowance is 5 April.

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