More people are looking to put their money into ethical investment funds due to the positive performances of the equities, according to new research.
Carried out by corporate social governance monitor Experts in Responsible Investment Solutions (EIRIS), the study found that 90 per cent of wealth managers with high net worth (HNW) believe ethical funds are as good as or better than other types.
The financial crisis has also changed asset managers' minds, with 30 per cent claiming they are now more likely to recommend ethical investments to clients than they were two years ago.
Victoria Woodbridge, senior client relationship manager at EIRIS, said: "Client retention is increasingly a challenge and wealth managers can improve retention rates and gain a competitive advantage by responding to the increasing numbers of HNW individuals who are expressing an interest in responsible investment ."
Major assets management firm F&C Investments recently announced that it will shift its focus towards ethical investments through its Stewardship Growth Fund.
Interest picks up for ethical investments
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Interest picks up for ethical investments
Tue, 13 Oct 2009
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