This content is from: Innovation
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.
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 hasnt 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 its 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 clients request. Also, 40% of respondents said SRI would fit easily into asset allocation models.