The Investment Management Association’s (IMA) quarterly statistics issued today show that 2010 saw the highest net retail sales of ethical funds since 2007, up 80% in 2009, even though the number of funds tracked fell by about 10% from 52 to 47 funds. The full IMA figures, including the Q4 2010 statistics, are available here.
Commenting on the IMA statistics, Penny Shepherd MBE, UKSIF Chief Executive, said:
”These IMA net sales figures reinforce the strong client demand for green and ethical options that we found in our research for National Ethical Investment Week last autumn.
However, we do believe that the IMA data now significantly understates the size of the UK’s retail green and ethical investment market. The IMA tracks only about half of the retail funds that we would regard as green or ethical. In contrast, the “yourethicalmoney” site from EIRIS identifies over ninety funds.
With National Ethical Investment Week 2011 taking place from 16-22 October this year, we hope that the IMA will review its list to include more options of interest to modern green and ethical investors.”
Read the full press release.