Half of IFAs would invest own money in green funds

The study of 100 IFAs reveals 55% would invest their own cash in the “new breed” of climate change funds, while 44% expect increased client demand for environmental opportunities in 2008. Virgin Money says climate change offerings, which invest in companies committed to reducing their environmental footprint, are set to be one of the “boom areas” for fund launches this year. “IFAs can see that climate change funds are a growing sector and given that the funds are relatively new in the UK it is encouraging that advisers already believe they are worth investing in,” Virgin Money spokesman...