These Socially Responsible Funds Strike the Right Balance
Here are a few funds that haven't loaded the boat with financials stocks.
Many investors are attracted to the concept of investing in companies whose values align with their own. Examples include firms that offer safe, employee-friendly workplaces, don't pollute the environment, and don't make products that are harmful to human health, such as tobacco.
In practice, however, the universe of so-called socially responsible investments is a difficult one to navigate. This large group encompasses broad-based, secularly oriented funds as well as those geared toward members of specific religious groups and ones that focus on a specific social issue, such as the environment. Investors can't trust that funds' screens will align with their own simply because they fall under the broad socially conscious banner.
Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.