Ethical funds or socially responsible investing is a philosophy where investment decisions are taken on the additional basis of a organization’s ethics and its green credentials topped the UK funds chart for the first time.
The Guardian reports:
The Co-operative Insurance Sustainable (CIS) Leaders trust, a fund that buys shares only in ethical and green companies, outperformed other unit trusts in the UK All Companies sector in the year to the end of January.
…despite being limited in its choice of companies, in the 12 months to January 31 it provided investors with a total return of 29.3%, more than double the 13.2% returns produced by the FTSE All Share index and the 13.3% produced by the UK All Companies sector as a whole. Over three years the fund has returned 88.6%, compared with 57.5% across the sector.