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Well Mike, you are right that Socially Responsible Investing is a contradiction in terms, yet perhaps for a different reason. It doesn't really matter that Socially Responsible Investing doesn't appeal to those who find the capitalist system irresponsible, as those folks are presumably not sending their savings anywhere other than under a mattress, but it might lure a few of them out into the market. SRI is trying to bring more people in, so let's call it a 'big tent policy' for the investor class. However, I don't think that individual SRI funds have near the growth potential of environmentally-sensitive funds, because there is a much wider-ranging debate about what constitutes social responsibility (versus what is good for the natural environment). The "Paper vs Plastic" or PLA polymers debate is nothing compared to disagreements among socially-inclined investors over abortion, gay rights, non-spousal benefit provisions, affirmative action, outsourcing, offshoring, immigration, or even a 'living wage'. SRI funds face not only a fragmented market, but one in which the market niches are mutually exclusive. (Even related issues can be fractious- one could reasonably make a 'socially responsible' case for all four combinations for/against immigration/offshoring of jobs.) Except with the most milquetoast of SRI fund charters, an investment company can't expect to serve oppositional camps very successfully, so by nature, the niche markets will be served by niche companies. Unless, of course, you view your dollars simply as economic votes, and don't mind that your broker, like most politicians, is also in bed with the enemy. -Jay Donnaway --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "GreenYes" group. To post to this group, send email to GreenYes@no.address To unsubscribe from this group, send email to GreenYes-unsubscribe@no.address For more options, visit this group at http://groups.google.com/group/GreenYes -~----------~----~----~----~------~----~------~--~--- |
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