The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, September 09, 2004|
And Yet Another Reason to Scrutinize Fund Companies
Environmentally conscious investors in the top 24 funds can now figure out which funds are supporting companies that contribute to global warming.
Investors can scrutinize the holdings of funds from the Vanguard, Fidelity, American Funds, Dodge & Cox and the American Century families.
The site provides company-specific information from KLD Research & Analytics, a social research group.
Not all the information is negative, however. For example, the site stated that Xerox, a holding of the American Funds' New Perspective Fund, "reported that it was developing a company-wide methodology for measuring greenhouse gas emissions and establishing a baseline inventory. In 2004 Xerox expects to set corporate targets for reducing greenhouse gas emissions through 2012."
"[I]nvestors donít have to wait for proxy resolutions to be filed to start taking action - they can learn more about what their funds hold and decide if thatís right for them. Global warming is an excellent place to start. Many Americans wouldnít conceive of buying food without knowing about what goes into it and whether or not itís right for them. Now, we may very well start to see the kind of Ďcontent consciousnessí on the part of mutual fund investors," stated Peter Kinder, president of KLD Research & Analytics.
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