Ethical investments are more and more popular with consumers as people are increasingly concerned about global issues, one expert has claimed.
Lee Coates, director of Ethical Investors explained that environmental and social issues are now prominent in many peoples' minds when deciding what investments to make.
He said: "If you look at the way the ethical investment market has expanded of the back of the fair trade produce, it's something that people are increasingly looking at in their daily lives via the shopping basket - fair trade, better, greener products - and then transposing that to another product they buy, which is financial services."
Mr Coates added that this increased awareness has helped to breakdown the barriers which prevented ethical investments from taking off in the past.
According to the Ethical Investment Research Service, (EIRIS), as of December 31st 2007, there was £8.9 billion in UK-based green and ethical investment funds .
Ethical investments on the rise, expert claims
Ethical investments on the rise, expert claims
Fri, 28 Mar 2008
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