Morley Fund Management, one of the UK's leaders in socially responsible investing, has said that none of its ethical funds would be tracking FTSE's new green index, which launched this week.

The FTSE4Good UK index tracks most of the FTSE 100 companies and is the first UK benchmark of socially responsible investment (SRI). It was developed by FTSE, together with the Ethical Investment Research Service, in support of Unicef.