Ethical investing: Govt may boost SRI funds

The Green Party's demands to have part of the Government's superfund invested ethically are likely to be a significant boon to socially responsible investing.

A report done by Australian based fund manager Rothschild Asset Management says that ethical investing is growing in popularity across the Tasman, but it is unlikely to be as popular as it is in the United States.

"We are unlikely to see the same extensive embracement of the concept as we have seen in North America."

It says that investors are becoming more comfortable with the concept that "ethically investing is profitable."