Ethical Investment on the rise – UKSIF comment on IMA quarterly statistics
The Investment Management Association’s (IMA) quarterly statistics issued today show that:
Net retail sales of Ethical funds totalled £98 million in Quarter 2 2010. This is well above the average of the past four quarters and the highest net sales figure since Quarter 4 2007.
Commenting on the IMA statistics, Adam Ognall, deputy chief executive of UKSIF, which organises National Ethical Investment Week in November, said:
“Investment in ethical funds has returned to levels not seen since the credit crunch took hold in 2007. It is a very positive sign that increasing numbers of investors want to make money and make a difference.
As the economy continues to stutter, consumers are increasingly aware of the impact of their investments and the opportunity for their finance and investment decisions to have a positive long term impact. Modern green and ethical investment is now an attractive choice for mainstream investors. These are some of the issues we will discuss as part of the annual National Ethical Investment Week, which runs from 7-13 November.”