Socially Responsible Funds
Some investors are committed to socially responsible investing. Do you oppose putting your money in funds that invest in tobacco companies? Alcoholic beverages? Weapons? Or are you looking for funds that favor companies that are environmentally friendly or that treat their employees well? All of the preceding?
The problem with socially responsible investing, however, is that the universe of potential funds is limited. What’s more, the performance of many of these funds has been mediocre. For that reason, most investors choose to invest in the best funds they can find, socially responsible or not—and give generously to charity.
But the good news is that the number of these funds has grown—and we’ve been able to identify a handful of them that we believe are superb.