Ethical fund inflows up 600% on Q3 last year

Ethical funds continued to gain traction in the retail market with inflows up almost 600% in Q3 2007 ...

Ethical funds continued to gain traction in the retail market with inflows up almost 600% in Q3 2007 on the same period last year.

Ethical funds recorded retail inflows of £135.5m in the quarter compared to £23.1m in the same quarter last year, according to IMA figures.

By the end of Q3 there was £5.8bn under the management of ethical funds, an increase of 28% in one year.

Meanwhile, total assets in the funds of funds space grew £100m in the third quarter up to £33.1bn.

IMA chief executive Richard Saunders added: “The third quarter showed a modest slow down in net retail sales across the board, but ethical funds are experiencing steadily increasing sales, albeit from a low level.”