Advisers Slowly Warming To Socially Responsible Funds

Despite the facts that public interest in social responsible investments is booming, registered investment advisers are slow to warm up to them. According to a survey by Citizens Advisers, 54% of non-SRI investors expressed interest in adding such funds to their portfolios, but that hasn’t translated into action, as the average investor has only 2.5% of assets in SRI and only 20% of advisers research and recommend such offerings.

But it’s getting better. The survey found that about 25% of advisers expect to boost their SRI assets in the next two years and around 45% said they would add them to a portfolio at a client’s request. Also, 40% of respondents said SRI would fit easily into asset allocation models.