Consumers are increasingly opting to invest in ethical savings funds, with 66 per cent growth in new Isa money invested in ethical funds in 2007, Fidelity FundsNetwork has revealed.
Among the best-selling ethical funds, Jupiter Ecology Fund was top rated with a 17 per cent growth in investments in the last 12 months, while Aegon and F&C both had two funds listed in the top ten.
Ethical funds "are becoming an increasingly popular choice for ISA investment", commented David Dalton-Brown, head of Fidelity FundsNetwork.
"With an increasing emphasis placed on looking after the world and its resources, it's not surprising that the popularity of ethical funds continues to grow," he continued.
Net sales of ethical funds reached a record level of £100 million in the first quarter of 2007 thanks to individual and corporate investments.
"A surge in interest in climate change and a shift towards organics, fair trade and the like" is partially responsible for the change, Nick Robins, head of socially responsible investment at Henderson Global Investors, told the Telegraph.
But the "'hard' reason" of improved fund performance was also important, he added, with investment in ethical funds profitable as well as ethical.
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