Socially responsible fund

Ethical Fund

A mutual fund in which the asset managers make investment decisions based upon some ethical code. An ethical fund is marketed to investors who may have moral objections to certain investment vehicles or companies. For example, an individual may have a moral objection to smoking and may therefore buy shares in a mutual fund that refrains from investing in tobacco companies. Ethical funds may have positive or negative guidelines; that is, a fund's ethics may inform where it makes investments (e.g. in environmentally friendly companies) and where it does not (e.g. in arms manufacturers). See also: Green fund, Islamic finance.

Socially responsible fund.

When socially responsible mutual funds, also known as green funds or conscience funds, select securities to meet their investment goals, the securities must also satisfy the fund's commitment to certain principles spelled out in the fund's prospectus.

For example, a socially responsible fund might not buy shares of a manufacturing company that operates factories that fund managers consider sweatshops. Or the fund might not buy shares of a food company that sells out-of-date products in emerging markets.

Since the priorities of these funds vary, you may need to do some investigating to find one that matches your values.

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Alternatively, you could invest in a socially responsible fund or model portfolio that has been designed for a group or category of investors.
If there is something you strongly believe in, you may have more of an effect by investing in low-cost index funds and donating the savings (approximately 1%) to a cause you believe in, An example of a low-cost socially responsible fund is the Vanguard Social Index (www.
For example nuclear power could be alternative energy to fossil fuels, but never considered for a socially responsible fund.
ABD506) Environmental & Socially Responsible Fund Investing - William Marvel - Baldwin Brothers, Inc.
Each socially responsible fund determines its own particular focus and criteria for investment.
FHA: Yes you can, by investing in an Ethical or Socially Responsible fund.
At the end of July, the Securities and Exchange Commission fined the Portsmouth-based Pax, the largest and oldest socially responsible fund, $500,000 for being lax in adhering to its own screening polities.
Lipper Ranks Socially Responsible Fund in Top 10% of Large Cap Core Equity
A YES, you can by investing in an ethical or socially responsible fund.
With that philosophy in mind, we believe that now is the right time to provide a similar socially responsible fund for sustainable alternative energy," said Collins, co-portfolio manager of the Fund.
Firms like Microsoft (Nasdaq: MSFT), Cisco (Nasdaq: CSCO), Merck (NYSE: MRK), Johnson & Johnson (NYSE: JNJ) or SBC Communications (NYSE: SBC) have been big winners for socially responsible fund companies," says Rocco.
For instance, the Dreyfus Socially Responsible Fund avoids campanies that promote such social vices as smoking, drinking and gambling.

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