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Niche quarter for ethical funds

Ethical funds saw a strong rise in the first quarter of this year with net sales of 45.2m, a significant rise from the previous year’s 26.6m, although down from the previous quarter’s 54.8mThe latest statistics from the Investment Management Association show that net sales of funds of funds were 378.4m, up by 65 per cent on the previous quarter but significantly lower than the 647.1m seen a year earlier.

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IMA director of markets Jane Lowe says: “Net retail investment in funds of funds has improved considerably since last quarter but is still well below 2008. Ethical and tracker funds are showing slightly atypical trends, reflecting their niche position in the market.”

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