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People should ask advisors about ethical investments, says UKSIF

May 13, 2008 by admin  
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Consumers considering putting their money into green and ethical investments should ask a for advice on the issue, the UK Social Investment Forum (UKSIF) has said.

This Saturday will see the launch of the first National Ethical Investment Week, which UKSIF hopes will help financial advisors improve their understanding of ethical finances so they can give their clients better information on the subject.

Penny Shepherd, chief executive of UKSIF, says people might make these investments because they want to encourage companies to behave more responsibly, or because they want to help fund solutions for a sustainable lifestyle.

“Our message to consumers is that there are a range of approaches – with the help of a financial adviser, understand what the range is and pick the one that works best for you,” Ms Shepherd said.

Figures from the Ethical Investment Research Service show that by the end of last year, a record £8.9 billion was invested in Britain’s green and ethical retail funds.

Tags: Social responsibility, ethical investment research service, investment, sustainable lifestyle, financial expert, ethical retail funds

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