Find the Right Socially Responsible Fund
A wide variety of options for investing according to your conscience.
Socially responsible investing, or SRI, which avoids or favors certain investments for moral or ethical reasons, has become big business, with an increasingly wide range of options for investors. There are currently around 100 U.S.-based socially responsible mutual funds in Morningstar's database, and that doesn't include a similar number of religiously oriented mutual funds, which screen their portfolios according to religious principles. All these choices can make it tough to sort through all the options, especially since SRI funds can vary quite a bit in the screening criteria they use.
Back in 2007, we surveyed the landscape of religious mutual funds and nonreligious SRI funds. While the broad outlines have remained the same, quite a bit has changed since then, with new funds being launched and others being merged away or liquidated. A little more than a year ago we took an updated look at religious funds, and now it's time for another survey of the secular SRI fund universe.
David Kathman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.