RI data – the biggest SRI funds and best sellers

Responsible Investor’s regular snapshot of SRI fund sales

(See downloads) Blackrock’s MLIIF New Energy fund is currently the largest fund in its SRI classification in Europe with assets of just over €4.3bn ($6bn) following strong estimated net sales (ENS) of almost €1.35bn in the first seven months of 2007, almost double its closest rival, according to statistics compiled for Responsible Investor by Lipper FERI, the investment data group.
Other big selling SRI funds in the first seven months of 2007 included DWS’ Klimawandel fund (ENS €650m), Julius Baer’s SAM Sustainable Water Fund (ENS€659m), Pioneer’s Global Ecology Fund (ENS€627m) and UBS’ Luxembourg-based Future Energy fund (ENS€514m). Total SRI assets in investment funds in the Lipper FERI universe of 641 SRI classified funds reached €56.4bnafter a net collect of €10.6bn in the first seven months of 2007.
Separately, UK investors have dramatically stepped up the amount of money they are putting into ethical funds, with almost £1.5bn (€2.2bn) being saved in a year, according to statistics from the UK Investment Management Association (IMA). The IMA’s quarterly fund statistics show that by the end of the second quarter of 2007, UK retail clients had invested £5.65bn in ethical funds, up from £4.26bn at the same time in 2006. Net sales of UK ethical funds in the first six months of this year of £237.5m were already double the £136.6m in sales made in 2006. Pure ethical funds now make up 1.4% of total fund sales in the UK.