Top green ISA fund supermarkets named Go compare with our comparison table

Top green ISA fund supermarkets named

23 March 2010 / by Rachel Mason

National Ethical Investment Week (NEIW) has named Fair Investment Company and Smile as the top UK fund supermarkets for green and ethical ISA funds.

NEIW, co-ordinated by UKSIF (UK Sustainable Investment and Finance Association) did a mystery shopping exercise on 15 fund supermarkets and discount brokers and awarded them stars based on availability, access and insight into green and ethical funds.

Fair Investment Company and Smile were both awarded the maximum score of 10 out of 10 and given a five-star rating.

The others were Hargreaves Lansdown and Interactive Investor who both scored four stars, Barclays Stockbrokers, Bestinvest, Cavendish Online, Chartwell, Chelsea, Fidelity, Selftrade, Share Centre, TD Waterhouse and Willis Owen who all scored three stars.

"The four and five star rated fund supermarkets and discount brokers stand out as they make it easier for investors to identify green and ethical funds, providing resources that help investors understand the options available to them," said NEIW.

"For example, they provide up to date guides that explain the range of options and/or offer a filter tool that helps investors identify relevant funds. Investors can now choose funds that will make a positive impact, such as those that focus on cleaner energy and health."

Penny Shepherd, MBE and chief executive of UKSIF says that now savvy investors are going direct to secure their ISA allowance, fund supermarkets are waking up to the growing interest in green and ethical investments.

"The high rating for a number of fund supermarkets highlights the high quality information and guidance available to investors who want to make money and make a difference," she said.

James Caldwell, director of Fair Investment Company is "delighted" to have been awarded five stars, but says this does not mean the company is going to rest on its laurels.

"We are delighted that our efforts have been so highly commended, however, we are still keen to develop our ethical and green investment service further in order to provide a better consumer experience," he said.