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Ironic: SRI under fire.(FundReporter)(Socially responsible funds)(Brief Article)
Research, January, 2005
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SOCIALLY RESPONSIBLE funds are betraying their mandate by investing in the same stocks everyone else likes, according to environmental researcher Paul Hawken.
Hawken's San Francisco-based Natural Capital Institute (NCI) crunched the numbers on 602 SRI funds and found that, taken as a whole, the group's holdings were "virtually no different" from those of conventional mutual funds.
While this could theoretically be explained by the proliferation of funds chartered to promote different (and even contradictory) social policies, the data did reveal apparent oversights at ...
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