Oil, banking, drugs … some investors are in for a shock when they see where ethical funds are putting their cash
Pensions company Zurich has a fund that it promises will invest in "companies and institutions which actively enhance the global environment and community". It tells savers that the Environmental Opportunities fund will seek out companies across the globe which take a positive attitude to environmental issues. So its investors may be more than a little surprised to learn 13.5% of the £16m fund is in shares in oil groups BP and Shell, and 4.3% in Rio Tinto, one of the world's biggest mining companies.
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