Ethical commitment 'remains strong': UKSIF
Ethical investments are riding out the economic turmoil well, according a survey by the UK Sustainable Investment and Finance Association.
The survey, conducted by the UKSIF across 35 specialist IFAs, found that 18 per cent believed the recession had made an impact on the attitudes of their clients towards green and ethical investment.
Penny Shepherd, chief executive of UKSIF, said: "The financial crisis has clearly had a major impact on consumer attitude to risk. However it is extremely positive that their commitment to green and ethical investment remains strong."
Ms Shepherd said the research also supported the view that consumers with an interest in green and ethical investment are committed investors who take a longer-term view of their investments.
She said: "Many advisers recognise that green and ethical investments are long-term in nature allowing advisers to build strong and ongoing relationships with clients."
Ian Hudson, principal of Wiltshire-based Hudson Green & Associates, said that he was pretty happy with the state of the ethical investment market at the moment, praising the Environmental Leaders fund from Impax and the Ecology fund from Jupiter.
He said: "Some of the only investments we have done this year are with clients that want to get into investing ethically.
"If clients invest in a non-ethical, or non-screened investment, the fund manager has the entire world of funds to choose from. As an ethical investor, though, you are putting restrictions on where your money is invested so you have to accept a slightly higher level of risk."