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Evening Standard

Business

Simon English

‘Truly abysmal’ performance of ‘green’ and ‘ethical’ City funds

City Shell Alan Miller LG Liontrust

Oil and gas companies have benefitted from a massive spike in global energy prices (Jane Barlow/PA)
(Picture: PA Archive)

Most City funds that pledge to invest only in green or “ethical” shares are massively underwater this year, the latest blow to a sector that is battling for credibility.

Analysis of the funds for the Evening Standard finds that on average they have lost 13.5% so far this year, compared to a stock market that is more or less flat.

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