UK funds expect growing SRI demandJune 2002
Most UK fund managers expect to become more involved in socially responsible investment in the near future, research suggests.
Forty-nine of 65 fund managers surveyed by the professional services firm Deloitte & Touche believed that fund managers in general would become ‘significantly more active in exercising SRI voting rights in the next three years’.
The 65 fund managers are responsible for managing more than £1400billion ($2045bn) of assets.
Just over half of those surveyed said interest in SRI among their clients had risen over the past 12 months. However, a slightly higher proportion (56 per cent) believed that SRI would remain a niche market.
‘Fund managers appear persuaded about the merits of a robust approach to environmental, social and ethical issues by companies, but they will only take SRI beyond its niche position when there is sufficient client demand,’ said Chris Burgess, leader of environmental and sustainability services at Deloitte & Touche.
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