Investment in ethical funds has hit a four year high according to figures from the Investment Management Association.
Net retails sales of ethical funds totaled £98 million in the second half of this year – the highest figure since 2007.
Ethical investment refers to an investment where the environmental and ethical principles of the investors influence their investment decisions. Most ethical funds invest in companies that take social responsibility seriously but ethical can mean different things depending on the fund.
Adam Ognall, deputy chief executive of UKSIF, which organises National Ethical Investment Week in November, said: "Investment in ethical funds has returned to levels not seen since the credit crunch took hold in 2007. It is a very positive sign that increasing numbers of investors want to make money and make a difference.
"As the economy continues to stutter, consumers are increasingly aware of the impact of their investments and the opportunity for their finance and investment decisions to have a positive long term impact. Modern green and ethical investment is now an attractive choice for mainstream investors.
“These are some of the issues we will discuss as part of the annual National Ethical Investment Week, which runs from 7-13 November."
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