Assets under management of funds of funds, tracker funds and ethical funds reached record levels in 2012, despite a decline in net retail sales across the board, data from the Investment Management Association (IMA) revealed.
Money invested in green and ethical funds in the UK have reached a record high of £11.3bn, according to data released by independent researcher EIRIS.
Jupiter Asset Management makes key changes to its Environmental Income Fund.
Funds of funds sales reach highest level on record, says IMA
IMA figures show ethical funds had their highest quarterly net sales since Q4 2007.
Future Capital has hired Robert Jolliffe to oversee the launch of the Sanctuary Fund.
GLG has launched a new sustainability fund that it hopes will “broaden investors’ perceptions”.
