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Socially responsible investment in France up 88% in one year

According to a new study by Novethic, SRI assets owned by French institutional and private investors totaled 16.6 billion euros at year-end 2006, compared with 8.8 billion euros at year-end 2005. This near doubling (+88%) in one year was driven primarily by institutional investors. For this investment segment, growth was +104%, compared with +66% for retail investors. While the development of SRI in France has focused mostly on mutual-type funds, dedicated SRI management for institutional investors is now rising much more rapidly than pooled management. Novethic concludes that overall the French SRI market is tending toward the Anglo-Saxon and Northern European model, with a majority of institutional investors linked to the pension business, for whom an investment timeframe that is more long term in focus must gradually integrate Environmental, Social and Governance criteria into management practice. (Source: Novethic)

08 June 2007