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March 24, 2010    

There’s no excuse: Ethical ISAs are easy to find

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by David Masters
Ethical ISAs easy to find

Smile and the Fair Investment Company have been named the best fund supermarkets for savers who want to invest in an ethical ISA.

Both were given five star ratings in a mystery shopping exercise by National Ethical Investment Week (NEIW).

NEIW found that the two fund supermarkets make it particularly easy for savers to find green and ethical stocks and shares ISAs.

Hargreaves Lansdown was awarded a four star rating, while Barclays Stockbrokers and Fidelity FundsNetwork received three stars.

“Fund supermarkets are waking up to the growing interest in green and ethical investments,” said Peggy Shepherd, chief executive of the UK sustainable investment and finance association (UKSIF).

“The high rating for a number of fund supermarkets highlights the high quality information and guidance available to investors who want to make money and make a difference.

“Similarly the range of green and ethical funds is on the increase.”

She added that the number of green and ethical ISAs available to investors has grown significantly in recent years.

“Green and ethical investing has changed a lot since its early days.

“Today, the options include climate change funds, environmental markets funds and broader sustainability themed funds as well as the more traditional negatively screened choices, which often exclude industries such as tobacco, nuclear power and defence.”

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