The global banking crisis, coupled with an increased awareness of issues such as climate change, has seen a surge in money being poured into ethical funds in the past few months.
The Investment Management Association reckons investors put £62.2m into ethical funds in the fourth quarter of last year, the highest since the same three months of 2007. And the enthusiasm looks set to continue with the end-of-tax-year Isa season in full swing. Research from ICM conducted last month on behalf of Cooperative Financial Services shows 13% of investors are planning to opt for ethical or sustainable funds with their Isa allowance.
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