The Telegraph reports this week is National Ethical Investment Week in the UK. The Ethical Investment organisers want to show that there are “green” and more socially responsible ways for people to invest their cash. Unfortunately for them, “ethical” investment doesn’t pay:
These “unethical” sectors are ideal investments and are the ones that generate good returns over time. Therefore, Questor believes that an ethical investment strategy is for losers – quite literally. Investing is a difficult enough task at the best of times without tying your arms behind your back.
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The article in the Telegraph deliberately ignored the great range of succesful ethical and environmental funds on offer. Of course there will be some examples of poor performance within the sector as a whole but there are a good number of successful funds run with ethical and environmental screens.
Examples would be funds which have focused on the growth in renewable energy, waster managements, water conservation and pollution treatment– pretty important stuff I am sure you will agree and very investable.
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Apologies for the spelling errors above, maybe some should launch a “waster managements” business, I should have written water management (pollution control and treatement).
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I’m sure there are successful ethical investments. But the Telegraph’s point is that the so-called unethical investors (i.e. mainstream banks, tobacco and guns) are actually good if not better investments than so-called their ethical counterparts.
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