Socially Responsible Mutual Funds

Meg Richards, The Associated Press, reports that, "The realm of socially responsible investment funds is a niche that is still growing — in fact, at a faster pace than the mutual-fund world as a whole, according to Morningstar," in this article from seattletimes.com. She spotlights the "Calvert Group, which eliminates alcohol, tobacco, gambling and weapons companies, as well as firms with poor environmental and labor practices." Richards also points to two faith-based fund families "the Ave Maria Funds, which seek to incorporate Catholic values, and "New Covenant Funds, affiliated with the Presbyterian Church, [which] avoids alcohol, tobacco, gambling and certain elements of defense."

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(May '04-Jun '05)