‘Incredible choice’ in ethical investments
May 24, 2008 by admin
Filed under News, News-Banking
The ethical investment market now offers savers an “incredible amount of choice”, according to F&C Asset Management.
According to the investment house, British investors can choose from more than 90 different funds, including a number of specialist environmental investments and climate change-focused ones.
Jason Hollands, head of group communications at F&C Asset Management, said that these types of funds have grown in popularity in recent years and now include ethical bond products as well as equity funds.
Despite the amount of choice available in the market, Mr Hollands said: “One of the dilemmas facing investors is how to understand the different options available out there and find the investment that is appropriate for them and their own requirements.”
The Co-operative Bank recently reported that ethical investments were worth £32.3 billion per year in 2006, an increase of nine per cent from the previous year.
Household spending on ethical products rose by 81 per cent from 2002 to 2006.
