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Charities 'reluctant to invest in ethical funds'

Charity trustees are more reluctant to invest in ethical funds than the general public, according to an ethical investment expert.

Many trustees still believe ethical funds will not perform as well as other funds, according to Sam Collin, charity adviser at the Eiris/UKSIF charities project, jointly run by the Eiris Foundation and the UK Social Investment Forum.

She was commenting on research published last week by Cooperative Insurance, which found that 85 per cent of people planning to put money into individual savings accounts this tax year were considering those focused on ethical investments. Last year the figure was 67 per cent.



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