European SRI moving from niche to mainstream

The Hot Topics report highlights that while SRI finds account for less than 1pc of the European retail investment market, the assets of these funds have more than tripled since 2002, reaching €40.4bn in May 2008. With 2007 net sales of €9.3bn accounting for 10pc of total European sales, SRI funds are rapidly moving from niche to mainstream, Lipper Feri reports. This development is reflected, it said, in the number of fund launches. Between 2002 and 2006 fewer than 20 new SRI funds a year were launched but since the end of 2006, there have been 105 new fund launches bringing the total...