UKSIF says ethical investors remaining loyal to their funds

UKSIF10th August 2009

“Net sales of ethical funds open to investors looks positive for second quarter, continuing an unbroken track record since 1992.” says Penny Shepherd MBE, UKSIF Chief Executive. “Advisers need to look behind this quarter’s headline figures to get to the true story. Ethical investors have remained loyal to their funds.“

Leading ethical fund providers have reported positive news about their second quarter net sales to UKSIF, with many saying June figures were better than May.

According to the IMA, net sales of ethical funds turned negative in second quarter this year for the first time since 1992 but UKSIF says that this was due to a single fund closing close to the end of the quarter.

“IMA data would have shown positive net sales for the quarter if one fund had not returned assets to investors in June, according to our information from product providers. The closure caused an outflow that month after net inflows in both April and May.” Shepherd said.

Read more from the IMA on their latest quarterly statistics.