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Socially Responsible Investing Does Not Mean Lower Returns

Amanda Steinberg, DailyWorth Blog

October 16, 2009

By choosing a socially responsible investment (SRI) fund, you don't have to sacrifice performance. According to Victoria Collins, PhD, CFP, a Senior Managing Director of First Foundation Advisors, "SRI funds perform as well if not better than any other funds."

Screens

The first step in seeking out an SRI option is to consider your personal "screens." There are negative screens and positive screens, and it's up to each fund how it defines its screens. Positive screens identify companies with progressive practices, such as established renewable energy programs. Negative screens exclude companies with destructive practices, such as those with poor human records or weak labor standards.

Sample List of Funds

Below is a list of SRI funds, some well known, others less so:*

  • - Pax World Investments launched its first SRI fund in 1971. We were quite pleased to see that Pax also offers a Women's Equity Fund.
  • - Domini Money Market Accounts are invested exclusively with ShoreBank, the nation's first and leading community development and environmental banking corporation. Corporate earnings are invested back into the environment of U.S.'s Pacific Northwest and economically distressed neighborhoods of inner city Chicago.
  • - Calvert Investments offers the Calvert Global Alternative Energy Fund, with holdings such as First Solar, Inc. and Vestas Wind Systems.
  • - Social(k) offers a diverse socially responsible retirement platform.
  • - The CRA Qualified Investment Fund seeks to produce above-average, risk-adjusted returns while financing community, economic and environmentally sustainable initiatives.

*DailyWorth.com does not endorse the quality or reliability of any of the products or services listed above. You hereby acknowledge that any reliance upon any information shall be at your sole risk.

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