Social Investing Gathers Momentum
David Bogoslaw | Bloomberg Business Week
Despite evidence that nearly two-thirds of 160 socially responsible mutual funds offered by member companies of the Social Investment Forum outperformed their benchmark indexes and beat the Standard & Poor’s 500-stock index in 2009 by significant margins, most institutional investors remain convinced that socially responsible investing (SRI) means giving up some return on investment.
The funds’ solid track record—and some recent actions by U.S. securities regulators—may give a fresh boost to the SRI approach.
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