Most Socially Responsible Mutual Funds Outperformed Benchmarks in 2009
A study of mutual funds managed by members of the Social Investment Forum finds that two-thirds outperformed their benchmarks across nearly all asset classes in 2009, and most large cap funds outperformed the S&P 500 over three and 10 years. If there was any air left in the old arguments against socially responsible investing (SRI)—primarily, that a restricted investment universe inevitably leads to lower return on investments—those arguments should be fully deflated by now, as the results of mutual funds performance in 2009 demonstrate. The Social Investment Forum (SIF) reviewed the performance of 160 socially responsible mutual funds from 22 of its members, and found that 65% outperformed their benchmarks in 2009. The SRI funds reviewed by SIF outperformed their benchmarks across nearly all asset classes. The performance data was provided by Thomson Reuters, an independent third party. More…
Source: SocialFunds