Socially Responsible Mutual Funds
By: Financial Shopper Network
Some mutual funds are
geared towards investing in companies that are socially responsible. These funds
stick to the fundamental core of their asset class, while working with stocks
that meet their objective. Often these funds will not invest in companies that
do controversial procedures such as abortion.
There are fund families including Ariel and
Calvert that stick, strictly to investing in "socially responsible stocks."
You will not find any of their stocks, in their mutual funds selling
tobacco, alcohol, promoting sex, or abortion. Mutual Funds that are
"socially responsible" are usually pure in their investment class, whether large
or small cap. You can find the latest published, make-up of the stocks in
the Ariel or Calvert fund on CNN, Morningstar, or Yahoo Finance.
Why choosing a "socially responsible mutual
fund" may be important to you? Some people feel strong in their moral
convictions. They want to know where their money is going. It is understandable
why some people do not want to profit from companies that sell alcohol or
manufacture condoms. This is their prerogative to feel this way, and this
request should be honored.
The world of investing should promote
diversity and inclusion. Not all people want to invest in the same types of
companies. It is important to consider "socially responsible mutual funds" if
some stocks do not jive with any of your moral beliefs.
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