Britain now has almost 90 ethical retail funds. The most recent additions to the market are the Jupiter Global Green Investment Trust, the Marlborough Ethical Fund, the Zurich Socially Responsible Investment Fund and the SWIP Islamic Global Equity Fund.
Stephen Hine, head of international relations at Eiris, said: "It's always good for charities to be aware of developments and to explore how their money might be usefully invested.
"If the criteria used by any of the new funds suit a charity's particular objectives or mission, it should consider using a new investment option."
Explaining the increasing popularity of ethical products, Hine said: "There is greater consumer awareness of social and environmental issues, and with that comes greater understanding of the benefits of ethical funds. The market is adapting to meet that need."