Administration December 6, 2002
SRI Strong in UK Market
June 12, 2002 (PLANSPONSOR.com) - Even though more than half of UK fund managers see a strong socially responsible investing (SRI) market, the managers are more caught up with keeping their job and ducking criticism, a new survey found.
Reported by Fred Schneyer
According to the Deloitte & Touche survey,
- 41% have specialist SRI teams,
- 20% of the managers have no SRI arrangement,
- while 10% turn to external SRI consultants
The authors of the report expect interest in SRI to continue to grow in the coming year, though most fund managers agree it will remain a niche or specialist product.
The survey suggested that the interest of fund managers in SRI is not driven by ideology but by government pressure and client demand.
Most fund managers surveyed said that a perception that SRI increases portfolio risk had done nothing to hinder its popularity.
This year’s survey included 65 UK investment management companies.
Read more at SRI Movement Thriving in US, Worldwide .
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