UK: Ethical investment fund tops performance of UK stock market funds
A News item from Business Respect, Issue Number 107, dated 9 Feb 2007
The Co-operative Insurance Sustainable Leaders fund has become the best performing unit trust in the UK over the past year - the first time an ethical fund has achieved pole position.
Recent years have seen such funds growing in popularity, with 10 new funds launched last year. They have had a mixed record, with some years seeing relatively poor performance compared to other funds. However, this year sectors that the ethical funds avoid, such as tobacco and gambling, have been underperforming.