The Investors Chronicle had a good go this week at trying to rain on the National Ethical Investment Week’s parade. “UK ethical funds: nine in 10 failing European standards” shouted their headline, preceding an article which highlighted that only three fund management groups or nine UK funds comply with the European Social Investment Forum’s (EUROSIF) transparency code. Compliance with this code is compulsory in France and Belgium for funds to be marketed as ‘ethical’.
