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Sharp rise in demand for ethical funds by investors
DEMAND by investors for ethical funds that shun tobacco, alcohol and arms has risen sharply, new research has shown.
Of those planning to invest in an individual savings account (ISA) before April, 85 per cent said they would consider using an ethical scheme, compared to 67 per cent the previous year, according to research by Co-operative Insurance (CIS).
The study also showed that the amount of money under management by ethical funds rose 18 per cent to 5.9 billion in the fourth quarter.
Zack Hocking, head of investments at CIS, said: "While ethical investment still represents a small amount of the overall market, evidence strongly suggests that growth is set to continue."
Almost eight out of ten people believe ethical funds can perform at least as well as the mainstream market, according to the findings of the survey.
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