The first ethical unit trust in the UK to be based upon rigorous pro-life investment criteria has topped the list of ethical unit trusts according to Datastream.
The CF Banner Real Life Unit Trust gained 11.9 per cent in value over the two months to January 12 1999. Friends Provident's and Scottish Equitable's ethical trusts both achieved returns below 5 per cent.
Since its launch last September the CF Banner fund has drawn over £1m from retail investors who are anti-abortion, tobacco and gambling amongst other things.
Banner Financial Services Group Ltd director Professor the Lord Alton of Liverpool says: "We are delighted that our faith in ethical investment has been vindicated by this excellent result."