May 22 2008
Ethical investors have an increasing amount of choice about where they place their money, an industry expert has suggested.
According to Jason Hollands, head of group communications at F&C Asset Management, there has been marked growth in the number of such products over recent years, with around 90 financial vehicles estimated as being currently available.
He added that although some stewardship funds have "quite strict" criteria, other products can be more flexible in terms of which companies are invested in.
Such news may be of interest to those looking to set up an investment trust for their children.
Mr Hollands said: "Until a few years ago, all the funds that were available were equity funds but now there are ethical bond products."
Earlier this month, a study carried out by the UK Social Investment Forum indicated that 24 per cent of teenagers want their parents to invest in ethical companies more often.
