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February 17, 2010    

Ethical fund sales on the rise

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by David Masters
Ethical fund sales on the rise

Ethical fund sales increased to the highest level since 2007 during the fourth quarter of 2009, according to figures published this week.

The total amount invested in ethical funds during 2009 was £155 million.

Ethical investments have suffered during the recession, but these latest statistics from the Investment Management Association (IMA) suggest investors are regaining their social conscience.

Commenting on the figures, Penny Shepherd, chief executive at the sustainable investment and finance association (UKSIF), said: “Increasing numbers of investors want to make money and make a difference.

“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.”

She added that a “simple way” to invest ethically is to choose a green or ethical ISA.

Recent research conducted during National Ethical Investment Week found that nearly half (49%) of Brits would like to use their savings to make a difference.

According to the IMA, there are currently 54 ethical investment products available on the British market.

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