Sustainable Funds Regain Popularity

Phil Daivs writes for the Financial Times

It was in the 18th century that John Wesley, a founder of Methodism, gave a definition of socially responsible investment – do not harm your neighbour through business practices, and avoid industries that can harm the health of workers.

More than 200 years later, and after suffering a dip during the financial crisis, investment flows into sustainable and ethical funds are on the rise.

The latest figures from the Investment Management Association, a UK trade body, show that net retail sales of ethical funds totalled £98m in the second quarter of this year – the highest figure since the final quarter of 2007. In the same period last year there were outflows of £8m. The IMA said total assets under management in ethical funds reached £5.6bn, up 22% on last year.

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