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Investments News
Demand for ethical Isas 'is slim' - 04/06/2007
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Demand for ethical individual savings accounts (Isas) remains limited, according to one expert.
Helen Stephenson, communications officer at the Investment Management Association (IMA), claimed that growth in the ethical Isa market depends on interest from savers and how "commercially viable" such products will be.
She said that green accounts currently represent a "very, very small minority of the Isa market", at some one per cent of the overall fund management sector.
"The only disadvantage - which isn't so much of an issue these days - is that because they do seek to avoid some of the big corporates that work in tobacco or booze or whatever it happens to be, they're much more limited to investment in smaller companies which may affect their performance," Ms Stephenson explained.
However, increased environmental awareness could lead to a surge in take-up, although the number of available products is limited as providers seek to establish if there is "an appetite in the market".
The IMA is the trade body for the UK's asset management industry and aims to promote high standards in the Isa, pension and investment sectors.
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