Ethical Savings and Investments Worth Over �10bn
New study shows ethical savings rose 18% in 2004
4th August 2005
Co-operative Financial Services (CFS) have reported that their latest study puts the value of 'ethical' savings and investments at £10.6bn, a rise of 18% over 2004, and the first time the £10bn barrier has been broken.
CFS said that the deposits were split almost evenly between ethical banks / credit unions and investments in 'socially responsible' funds.
The rise in ethical investment, as opposed to savings, was put at an impressive 30% - due in part to the fact that such funds have now been around for long enough to show a track record to potential investors.
The figures were released as part of a wider CFS study that valued the entire UK ethical consumer market, including banking and Fair Trade products, at £25bn.
Read More: BBC : 'Ethical savings break �10bn mark'
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