interactive investor adds two equity funds to ACE 40 ethical list

Company also listed best and worst performing funds

interactive investor has added two equity funds to its ACE 40 ethical rated list and revealed the top performers over the last year.

The firm announced that UBS MSCI UK IMI SRI ETF had been added as a Low-Cost UK Equity fund, while Montanaro European Income fund has joined as a European Equity Income fund. UBS MSCI UK IMI SRI ETF tracks the performance of the MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped index, which captures large, mid and small-cap stocks of the UK equity markets and represents the performance of companies that have lower carbon exposure and high ESG performance. Montanaro European Income Fund has a "strong and successful investment process that Montanaro Asset Management has been f...