What lies behind the rise in socially responsible investing? The desire among millennials for their hard-earned cash to be put to socially useful purposes. Only a minority of those aged 45 or over want their money invested in a more ethical way, yet this is the ambition of more than a third of those between 25 and 34, according to research by Triodos, the ethical bank. Rebecca O’Connor, a co-founder of Good With Money, the ethical site, says: “As many as 63 per cent of millennial investors would like their money to support companies that are profitable and make a positive contribution to society and the environment.”There has also been a growing realisation among City fund managers that this type of investing does not…

Source: The Times November 11, 2017 00:05 UTC