AR-News: (US) Socially Responsible Investing Will Continue Growing
info at animalconcerns.org
Wed Jan 7 22:29:16 EST 2004
[from Des Plaines Journal]
Socially responsible investing (SRI) was born of the "avoidance investing"
of the 1920s in which individuals shunned the so-called "sin stocks" of
the Prohibition era such as shares of companies connected with alcohol,
tobacco, or gambling.
Almost half a century of war, protest, and reform would produce the first
investment vehicle fund in the mutual fund industry. As the first
investment vehicle to adopt broad standards of social responsibility in
choosing its investments, it ushered in a new type of investment
philosophy that has been the subject of much myth and controversy for
almost three decades.
Potential prohibitions range from the standard tobacco, alcohol, gambling,
and pornography screens to animal testing and cruelty-free issues, gay and
lesbian rights, international citizenship, pollution, abortion, and
SRI now accounts for roughly 13 percent of assets under management in the
United States - one out of every eight dollars invested. As more and more
investors find they can satisfy their consciences and their investment
objectives at the same time, that percentage will climb higher,
positioning socially responsible investing for even greater growth well
into the future.
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