European socially-responsible investment hits €5t

Socially-responsible investment in Europe now stands at €5 trillion (£4.39 trillion), according to a new study.

Eurosif, the European Sustainable Investment Forum, today (October 14th) published its European Sustainable and Responsible Investment Study, which indicates ethically-responsible asset management is intensifying across member states.

It reveals the global economic slowdown has not prevented the sector from expanding, a factor that points to mounting interest in private fiduciary from those in the wealth management industry.

UK Sustainable Investment and Finance chief executive Penny Shepherd noted the investigation points to "impressive growth", claiming this means asset managers engaged in socially-responsible investment should experience "increased [business] opportunities".

The wealth management expert observed the ethically-aware sector enjoyed a 19 per cent increase in activity in the two years leading to the end of 2009, a better performance than the "broadly static" number of total UK assets under management over the 24-month period.  ADNFCR-2318-ID-800116228-ADNFCR