Oxford report suggests SRI funds are not more costly.

Investment Adviser, March, 2008

Ethical funds do not bring investors any increased cost compared to more-traditional funds, but volatility and risk are increased, a report has suggested. . Oliver Good

The research on the investment performance of ethical funds was conducted by independent investment consultants Jewson Associates for Oxford University.

Over the long term there did not appear to be a permanent or inherent cost in taking an ethical stance, the report found. However, there did appear to be an increase in volatility or risk.

The report focused on funds registered for sale in the UK over 10 years to the end of 2007, particularly UK equity funds.

Edward Jewson, chief executive at Jewson Associates, said SRI funds had sometimes suffered from the...

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