An increasing number of investors are looking to put their individual savings account (ISA) allocations into more ethical investments, it has been reported.
Research by The Co-operative Investments has shown that 13 per cent of investors surveyed intend on going green with their ISA allowance, compared to the one per cent who have already done so.
According to the organisation, money put into ethical investments has risen from £2.8 billion to £6.8 billion since 1999.
Rod Bulmer, managing director for retail at The Co-operative Financial Services believes the research shows a broader range of people are now choosing ethical investments .
"Sustainable investment is not a niche for ethically-minded consumers," he commented. "It offers a fantastic chance to grow investors' money over the long-term by exploiting the exciting investment opportunities from major changes occurring throughout the world."
"The need to tackle issues such as ageing populations, climate change and global power shortage are fundamental in global society, and will create investment opportunities for some time to come."
The Investment Management Association recently said that it too was noticing the trend of a move to more ethical investments as part of a sustainable economic recovery.
Rise in ethical investments expected
Rise in ethical investments expected
Tue, 16 Mar 2010
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