Ethical investments return to pre-crunch levels
Investment in ethical funds has recovered to pre-credit crunch levels, new research has discovered.
During the third quarter, investments in ethical funds reached more than double the total of ethical investments in the same period last year.
Net sales of ethical funds between July and September were £59 million, compared to £21 million in the same three month period for 2008.
The statistics were revealed by the Investment Management Association (IMA).
Richard Saunders, IMA chief executive, said: “Tracker and Ethical sales have both picked up encouragingly compared with this time last year.”
Penny Shepherd, chief executive of the UK Sustainable Investment and Finance Association (UKSIF), added: “Investment in ethical funds has returned to levels not seen since the credit crunch took hold, with a near three-fold increase in year-on-year net sales – the highest since 2007.
“This highlights a growing trend of investors wanting to make money and make a positive difference to the world they live in.”
Ethical investors carefully screen their investments to avoid making a profit from unethical businesses such as weapons manufacturers and oil companies.