Socially-responsible investment up in Q2

Socially-responsible investment in quarter two was up by £1 billion year-on-year, according to data released today (August 11th).

The Investment Management Association (IMA) revealed socially-responsible assets enjoyed their highest net sales since the last quarter of 2007.

This could mean the alternative vehicles are gathering popularity as people seek ways to manage private wealth, alongside more traditional methods such as offshore banking and hedge funds.

IMA data revealed funds of funds increased most by the end of the 12-week period, up to £46.3 billion from £33.1 billion at the same time last year.

A review of sectors has recently been announced by the organisation, with the aim of bringing the funds categorisation system in line with current needs.

Director of markets Jane Lowe remarked: "The review is wide ranging and we expect it to take a considerable amount of time as the issues are complex and need careful attention." ADNFCR-2318-ID-800020917-ADNFCR