Four ethical funds have received top marks in a new ‘Runes Rating’ that identifies funds investing in companies that try to contribute to a low carbon economy. The four – Henderson Global Growth, Henderson Industries of the Future, Jupiter Ecology and Skandia Ethical – were judged to be the best of 120 ethical and environmental funds available to UK private investors. Independent financial adviser Holden & Partners, which has created the rating, said it found the majority of ethical funds ‘surprisingly mainstream’, with very few investing in companies that are directly tackling climate change.
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