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ethical funds

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Ethical investment is becoming less of a niche area as increasing numbers of consumers seek ethical choices and increasing numbers of companies change their ways to meet that demand

Managers of socially responsible investment (SRI) funds cannot complain about a lack of recent helpful publicity. Indeed, they should rejoice at their current good fortune. Hardly a week passes without some momentous report or an announcement of yet another company ethical strategy. The announcement by Marks and Spencer of a comprehensive eco-plan in January was quickly followed by the launch of an ethical investment fund by the same company, illustrating the close relationship of improving business ethics and SRI. Investment management firms see SRI as an expanding field, as the increasin...

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