Popularity of ethical funds continues to grow

New money coming into ethical funds for 2007 is set to eclipse last year’s figures, according to analysis of sales data by Fidelity FundsNetwork.

Just four months into 2007, ethical funds sales on the platform are already up by 83 per cent compared to same time period in 2006. If the current rate of growth continues, sales for 2007 are set to be more than double that of sales for last year.

Ethical funds are also becoming an increasingly popular choice for ISAs with money increasing year on year. New ISA money going into ethical funds in 2007 has increased by 66 per cent compared to 2006.

David Dalton-Brown, Head of FundsNetwork said: “Our analysis implies that sales of ethical funds for 2007 are set to eclipse those of 2006, and that they are becoming an increasingly popular choice for ISA investment.

“With an increasing emphasis placed on looking after the world and its resources, it’s not surprising that the popularity of ethical funds continues to grow, and it’s a trend that we expect to continue.“

FundsNetwork can also reveal its top ten best selling ethical funds. The Jupiter Ecology Fund heads the table as the most popular fund, while Aegon and F&C each have two funds in the top ten.

Top Ten Best Selling Ethical Funds on FundsNetwork for 2007

Jupiter Ecology Fund
F&C Stewardship Income Fund
Aegon Ethical Equity Fund
Aberdeen Ethical World Fund
Aegon Ethical Corporate Bond Fund
Standard Life Investments UK Ethical Fund
F&C Stewardship Growth Fund
Jupiter Environmental Income Fund
Old Mutual Ethical Fund
Norwich Sustainable Future Corporate Bond Fund