Socially responsible investments show sustained growth

David Pitt writes for The Boston Globe:

Inflows for socially responsible funds remained positive throughout 2008 when investors were pulling out of stock funds in massive numbers. All told, SRI funds managed to capture $700 million, while nearly $96 billion was pulled from stock mutual funds. That’s a relatively small figure, but significant in that it ran counter to the stock selling trend, said Kathryn Young, a fund analyst with Morningstar Inc.

The trend continued during the market rebound. Last year SRI funds took in $4 billion while investors pulled nearly $25 billion from stock mutual funds.

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