Sales of ethical funds increased in quarter four of 2009, to the highest level seen since quarter four 2007, before the recession took hold.
Ethical investment has suffered at the hands of the financial crisis, but these figures from the Investment Management Association suggest that investors are going green again. Commenting, Penny Shepherd, MBE, chief executive at the sustainable investment and finance association (UKSIF), said:
"Increasing numbers of investors want to make money and make a difference. As we gradually move out of recession, it is vital that people carefully consider the impact of their investments to help build a sustainable economic recovery.
"One simple way to make a difference is to consider green and ethical funds as part of your ISA," she adds.
A survey conducted as part of National Ethical Investment Week found that 49 per cent of people would like to make money and make a difference. However, the survey found that the desire to make a positive impact increased amongst older investors.
Ms Shepherd adds: "With people aged 50 and above enjoying an increased ISA allowance this tax year, there is an opportunity to invest the extra cash in green and ethical funds."
© Fair Investment Company Ltd