News : Socially Responsible Investing reaches new asset high

Jun 23, 2015

Originally Published on Portsmouth Patch.

By Michael McCord

The popularity of Socially Responsible Investing (SRI) for investors who want to express their progressive values has reached a new high.

According to the most recent trends report by The Forum on Sustainable & Responsible Investment (US SIF), the total of U.S. assets under management using SRI strategies dramatically increased by 76 percent from the period of 2012 to 2014. Overall, those SRI-strategy assets rose from $3.74 trillion at the beginning of 2012 to $6.57 trillion at the start of 2014.

The explosive growth of SRI-targeted investing does not surprise Mike Smith, the Newmarket-based representative for the Progressive Asset Management Group (PAM Group).

“We’ve been watching this trend for a while and this comprehensive report really puts it into perspective,” Smith said.

Since US SIF began tracking SRI trends in 1995 – the recent report is its 10th edition – SRI assets have grown 929 percent, or an annual growth rate of 13.1 percent.

“The assets engaged in sustainable, responsible and impact investing practices at the start of 2014 represent nearly 18 percent of the $36.8 trillion in total assets under management tracked by Cerulli Associates, ” the report stated. “These assets now account for more than one of our every six dollars under professional management. The individuals, institutions, investment companies, money managers and financial institutions that practice SRI seek to achieve long-term competitive financial returns together with positive societal impact.”

Read the full story on Patches.com.