The Investment Management Association’s (IMA) latest quarterly statistics issued this week show that Q2 2011 saw net retail sales of ethical funds of £94.3 billion, the highest since Q4 2007. Ethical funds under management at end June 2011 totalled £7.1 billion, a 23% increase compared with Q2 2010.
The full IMA quarterly figures are available here.
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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.
The Investment Management Association’s (IMA) quarterly statistics issued today, the fourth day of National Ethical Investment Week, show a 25% year on year increase compared to the 3rd Quarter of 2010. Net retail sales of Ethical funds totalled £74 million in the last quarter, above the average of £64 million for the past four quarters.
The full IMA figures are available here.
Read the full press release.
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.