Ethical, environmental, green and socially responsible funds have been a feature of the UK savings and investment landscape for nearly two decades, and are now worth u4.5bn (E7.2bn) across 125 funds serving 469,000 investors. At this size, ethical funds, as well call them all, have sufficient critical mass to be contenders for any portfolio, irrespective of the moral dimension.
Institutional ethical investment in the UK began as a model for investors wishing to avoid contentious involvement in apartheid South Africa, tobacco, armaments or nuclear energy, often with a Ch