There has been a 25 per cent year-on-year increase in ethical investment compared to the third quarter of 2010, new figures show.
According to the latest Investment Management Association's (IMA) quarterly statistics, net retail sales of ethical funds totalled £74 million in the last quarter, above the average of £64 million for the past four quarters.
Commenting on the IMA statistics, Penny Shepherd MBE, UKSIF chief executive, observed: "Our research shows that we are entering a decade of financial responsibility, as more people consider how they can make money and make a difference in the world.
She added: "Attitudes are changing from greed is good to green is good."
Meanwhile, Legal and General Investment Management announced recently that it generated £26.5 billion of new business during the nine months to the end of September.
This figure is 15 per cent higher than the same period in 2009.
While net new business was down on 2009, the revenue levels improved materially with an improved business mix.
Research shows rise in ethical investment
Research shows rise in ethical investment
Thu, 11 Nov 2010
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