Investors Look to Go Green

The number of European individuals who had their portfolios managed sustainably during 2009 rose, new figures show. According to the European Sustainable Investment Forum (Eurosif), 11 per cent of high-net worth individuals in the region are now having their investments managed in an environmentally-friendly manner....

The number of European individuals who had their portfolios managed sustainably during 2009 rose, new figures show.

According to the European Sustainable Investment Forum (Eurosif), 11 per cent of high-net worth individuals in the region are now having their investments managed in an environmentally-friendly manner.

Eurosif said the figures represented an increase on eight per cent two years ago and now totals €729 billion.

The company predicts that by 2013 the portfolio share represented by sustainable investment will be 15 per cent or just below the €1.2 trillion mark.

Indeed, Eurosif states that the main drivers behind the search for a greener investment future were "responsibility, financial opportunity and the search for sustainable return".

Clare Brook, co-manager of the Wheb sustainability fund, said Eurosif's predictions very much reflected the sort of interest Wheb Asset Management was receiving.

"They [investors] are putting money in because they genuinely think these areas over time will grow faster than the economy as a whole," she explained.ADNFCR-3415-ID-800060416-ADNFCR

- Monday 13 September 2010

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