Responsible investment funds saw net retail sales of £7.1bn for the year-to-date, leaping from £1.9bn for the first three quarters of 2019.

Chris Cummings, CEO of the Investment Association, said: “In a year clouded by uncertainty, responsible investment funds are a beacon for how savers can put their money to work to support positive change globally, and our industry can be proud that these funds are reaching new heights of popularity.”

In just the month of September, responsible investment funds saw a net retail inflow of £975m, and responsible investment funds under management stood at £40bn as of the end of the month. Their overall share of industry funds under management was 3 per cent.

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