Ethical Investment on the Rise: ISA Opportunity

The Investment Management Association’s (IMA) quarterly statistics issued today show that Quarter 4 sales of ethical funds at £62.2m were the highest since Quarter 4 2007.

Commenting on the IMA statistics, Penny Shepherd MBE, chief executive of UKSIF, the sustainable investment and finance association, 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. One simple way to make a difference is to consider green and ethical funds as part of your ISA.

“A survey conducted as part of National Ethical Investment Week found that 49% of people would like to make money and make a difference.  Interestingly, the desire to make a positive impact was highest among older investors.  With people aged 55 and above enjoying an increased ISA allowance this tax year, there is an opportunity to invest the extra cash in green and ethical funds.”

According to the IMA, there is more than £5.6 billion invested in green and ethical funds in the UK – up from £2.5 billion 10 years ago.

Click here to read the full press release.