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Ethical hedge funds ‘performed strongly in final quarter of 2009’

New figures have shown that quarter four (Q4) sales of ethical investments in 2009 were at their highest level since Q4 2007.


New figures have shown that quarter four (Q4) sales of ethical investments in 2009 were at their highest level since Q4 2007.

Penny Shepherd, chief executive of sustainable investment and finance association UKSIF, revealed that sales in this period reached £62.2 million.

She said that there are large numbers of investors who are expressing an interest in ethical funds.

“As we gradually move out of recession, it is vital that people carefully consider the impact of their investments to help build a sustainable economic recovery,” she asserted.

Ms Shepherd added that older investors are more likely to be attracted by hedge funds that take ethical positions, although recent research by her organisation found 49 per cent of people were interested in investing their money in ways that make a difference.

Earlier this week, F&C suggested that European and US politics could put hedge funds off investing in solar energy, with cuts in subsidies and a failure to put a cap-and-trade scheme in place contributing to this.

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