Though there are those who want mileage from being seen to be responsible, for most, SRI funds must stand on their own two feet. Craig Drake.
SUSTAINABLE investment, or socially responsible investment (SRI), has been on a rapid ascent for the last decade, but outside of providing dinner party credibility for the chattering classes wanting to appear to be doing the right thing, are SRI funds worth a look for investors who are concerned with returns and growth?
For all the talk about the ability of sustainable development funds to hold their own, the chart on the bottom right, which tracks the Dow Jones sustainability index against its global index, will make for awkward viewing.
Clare Brook, Fund Manager of the IM WHEB Sustainability Fund is buoyant with regards to this big gap between global funds that include big miners and refiners of fossil fuels and those that focus on so called clean energy: “we see this gap as an exciting opportunity for the clean energy sector, which has plenty of ground to make up.