Crédit Agricole Asset Management (CAAM) has become the latest French asset manager to launch socially responsible investment (SRI) funds, signalling continuing strong demand for ethical products among retail investors in the domestic market.

Figures from Novethic, a resource centre for SRI and corporate citizenship, and Amadeis, an investment consultancy, revealed that there were 80 SRI funds available to French investors at the end of last year, twice the number that existed a year earlier. Over the same period assets under management in French domiciled SRI funds grew 34%, from €920m ($1,05bn) to €1.25bn.