View more on these topics

Is green growth the new greed?

The amount of investor money in ethical funds has grown by almost a third in the past year, according to the Investment Management Association.

Green funds had a total of £5.6bn in assets under management at the end of June compared with £4.26bn at the same time last year.

It has been a strong year for awareness of ethical funds and they broke through the £5bn barrier for the first time in January.

An ethical fund topped the UK all companies sector for the first time this year when the £171m Co-op-erative Insurance Sustainable leaders fund led the way on a 12-month basis.

But BestInvest head of communications Justin Modray is sceptical about the motives behind the surge in ethical investing. He says: “The ethical growth is down to greed more than being environmentally aware and will continue to perform upon that basis. If the FTSE 100 performs, ethical funds will find it difficult. It has not performed recently and, as a result, ethical funds have good track records.”

IMA figures also show assets under management in funds of funds reached £33bn at the end of June, a £3bn rise on the previous quarter and an increase of 30 per cent from 12 months ago. Balanced funds saw the biggest of inflows at 69 per cent.

Recommended

FNW adds free online switching

Fidelity FundsNetwork has added an online switching service for the FundsNetwork Sipp, onshore bond and international bond clients. Advisers will also be able to take advantage of an upgraded Morningstar X-Ray service.  Switches can be made between funds and to the online cash account at no extra cost. As switches are processed straight through, there […]

Mott highlights August opportunities

PSigma equity income manager Bill Mott believes that there is still some deep value in the markets despite their “traumatised state” in the midst of recent market volatility.

Exit makes re-entry

Will Henley reports that after the controversial intervention of the FSA, mortgage exit fees are starting to resurface in a different guise

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com