Ethical investing more popular than ever, but more facts needed
By The Yorkshire Post
Half of UK investors are “ethical investors”, but not enough information is available for them to make informed decisions, research from Leeds-based TD Direct Investing has revealed.
The study, which is timed to coincide with Good Money Week (see panel), shows that 78 per cent of UK investors are more likely to invest in a company with ethical practices, and 64 per cent are planning to invest in ethical funds in the next few years.
However, 57 per cent said they need more information about the performance of these stocks before they invest and 42 per cent said they have difficulty finding out about specific shares in a fund.
John Tracy, head of TD Direct Investing Europe, said: “There is a paradigm shift in the UK, with investors wanting to know more about the performance of ethical funds, but also wanting the ethics of the business in which they invest to reflect their own. However, there remains a grey area around what ethical investing actually means and the information available to investors.