IFAs put faith in ethical investments

Thu, 29 Oct 2009

Independent financial advisers (IFAs) are still choosing to recommend green and ethical investments to their clients, a new report has shown.

According to the UK Sustainable Investment and Finance Association (UKSIF), fewer than 20 per cent of all IFAs said that the recession had an impact on their attitude towards ethical funds.

Conducting the survey in time for the second National Ethical Investment Week, which runs from November 8th to 14th, the organisation said that the results of the poll are evidence that green equities are not as risky as popular opinion suggests.

Penny Shepherd, chief executive of UKSIF, said: "Many advisers recognise that green and ethical investments are long term in nature allowing advisers to build strong and ongoing relationships with clients."

UKSIF recently announced that it will host a series of workshops to encourage advisers to recommend ethical investments for their clients for the week-long event.
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