Ethical investments could increase 1000% this year

Ethical investments could increase 1000% this year

Sustainable and ethical investments are expected to increase their share in the ISA market by more than 1000% this year, according to research by The Co-operative.

Ethical investments currently have a 1% share of the ISA market, but The Co-operative predicts that this could increase thirteen-fold later this year as savers use their increased ISA allowance for more eco-friendly investments.

The Co-operative’s study found that 13% of investors would like to put money into an ethical fund.

“These findings confirm that sustainable investment in particular is increasingly being seen as an attractive place to invest for a broader number of people,” said Rod Bulmer, managing director of The Co-operative Financial Services.

“Sustainable investment is not a niche for ethically-minded consumers.

“It offers a fantastic chance to grow investors’ money over the long-term by exploiting the exciting investment opportunities from major changes occurring throughout the world.

“The need to tackle issues such as ageing populations, climate change and global power shortage are fundamental in global society, and will create investment opportunities for some time to come.”

Since ISAs were launched in 1999, ethical investments have grown steadily, increasing their market share from A?2.8 billion to A?6.8 billion.

Recent statistics published by the IMA showed that in the last quarter of 2009 sales of ethical funds increased to their highest level since the onset of the credit crunch in 2007.

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