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Socially responsible investors are increasingly likely to apply their SRI philosophy to investments other than equities, says a new study. The report says all classes of SRI investor, from pension funds and insurance companies to private investors, are beginning to investigate how they can take an ethical approach when selecting bonds, hedge funds and exchange-traded funds, and also other investment instruments such as micro-finance and carbon trading products. Aimed primarily at institutional investors, the UK Social Investment Forum study was written by investment analyst Anne-Marie Smith.