Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gathering the Green Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, August 09, 2001

Gathering the Green

Reported by Sean Hanna, Editor in Chief

Do green funds bring in the green? A new report released by Pax Funds claims that they do. Since the first socially conscious fund opened 30 years ago, assets in the category have grown at five times the rate of other funds', says the report ["Socially Responsible Mutual Funds in the U.S.: A Look Back ... and Ahead"] which was based upon data provided by Wiesenberger.

The report's release was timed to coincide with the thirtieth birthday of the Pax World Balanced Fund, which became the first socially conscious fund in August of 1971.

Since that time the universe of green funds has grown to 192 with $103 billion in assets, according to Wiesenberger. The report further predicted that the assets in these funds could reach $275 billion in the next 10 years.

The report also found that the explosion in these funds has just kept pace with the rest of the industry for the past decade. In the past 10 years the assets in these funds has grown 392 percent compared to 410 percent for all funds.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use