Tobacco and fossil fuels lose out as investors opt for more ethical industries


From www.thegaurdian.com Wednesday 23 July 2014

More investors are moving their support from the tobacco and fossil fuel industries in favour of more ethical and socially responsible investments.

Managed funds held in ethical and sustainable investments grew by 51% in the past 12 months to more than $25bn, research shows.

The Responsible Investment Association Australasia says the number of investors demanding to see their money invested responsibly has grown for the first time in a decade, to just over 2% of all funds under management by asset managers and financial advisers… read more>


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