Inbrief

The value of assets in funds marketed on an SRI basis in France nearly doubled during 2005, according to the latest figures from the consultancy Novethic. The assets rose by 94 per cent from €5billion ($6bn, £3.4bn) at year-end 2004 to nearly €10bn one year later. Novethic said the growth was largely driven by new funds set up by Dexia, now the leading provider of SRI funds in France with €3bn under management. The value of SRI funds domiciled in France rose by more than 55 per cent – assets under management were worth €5.7bn compared with €3.6bn at the end of 2004.