Ethical Performance
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Swiss bank lifts share of SRI assets

July 2007

The Swiss investment bank Sarasin has increased the proportion of the assets it manages along SRI lines.

New figures from the bank, which provides asset management services for private and institutional clients, show that during the past four years the proportion of ‘sustainably managed’ assets has risen much faster than the total assets it manages. At the end of 2006 the percentage of sustainably managed assets was 7.1 per cent, compared with 6.1 per cent in 2005. Assets under SRI management amounted to SFr5.2billion ($4.28bn, £2.14bn) by the end of 2006 compared with SFr3.8bn in 2005.

This represents an increase in value of about 36 per cent, partly through price gains due to rising markets but also through net new investment in SRI funds. Total assets under management amounted to SFr73.3bn. This rate of growth in SRI assets reflects what is happening elsewhere in Europe, particularly in France, where such assets owned by institutional and private investors rose 88 per cent to €16.6bn over the same period, says the Novethic consultancy.

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