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[Accountability Central] SEC Charges Mutual Fund Manager for Violating Socially Responsible ...: According to the SEC's order, Pax World violated the Funds' SRI restrictions by making purchases in the securities of companies that derived revenue from the manufacture of alcohol or gambling products, derived more than 5 percent of their revenue from contracts with the U.S. Department of Defense, or failed to satisfy the Funds' environmental or labor standards. Pax World Funds held at least one security that violated their SRI restrictions at all times from 2001 through early 2006.
[Business blog] Pax fined for failure to screen socially responsible funds: Pax, which says it serves more than 100,000 investors, said in a statement Wednesday that it “has worked diligently” to address issues raised by an SEC investigation begun in December 2004, and has adopted stronger compliance as part of a broader reorganization since Joseph Keefe became president and chief charged with execution in May 2005.
[UBS Research: Socially Responsible Investment] Trends and Changes "Cover Stories" 29-Jul-2008 Morgan-Knott: TA MA Industries; MEO1V.HE Metso; ABBN.VX ABB Ltd; ENEI.MI Enel; VWS.CO Vestas; EONGn.DE E.ON; VIE.PA Veolia Env. SYNN.VX Syngenta; GAM.MC Gamesa; SWVG.DE Solarworld; ITRK.L Intertek; SDFG.DE K+S; EDF.PA EDF; ANDR.VI Andritz ...
[Make a Wise Investment] What are SRI funds?: Pax world - Pax worlds funds were among the first, if not the first socially responsible Mutual funds. Luther Tyson and Jack Corbett Launched the Pax World fund, on August 10, 1971, the fund was launched with $101,000 in assets and created the first broadly diversified, publicly available mutual fund to use social as well as financial criteria in its investment decisions.
[businessfast4ward.com] Dig for Gold in PEST Analysis - Your Bounty of Business ...: For instance, Shell is executing plans in energy security, to be a socially responsible corporate citizen. Many more industry related companies are jumping on the bandwagon in
[Socially Responsible Investing Tips] Faith-based mutual funds a $17.5 billion industry (Colorado ...: A lot of investors look at several factors before sinking their money into a mutual fund: What's its performance over time? Is it large cap or small, blue chip or emerging market?
[You're guide to business, my release of information (like a toilet)] How To Find INVESTORS!: Socially responsible deals. Average investment range: $10000 to $6.5 million. Number of angels/investors in the network: 110+. Contact: Investors’ Circle 320 Washington St. Brookline, MA 02445 617-566-2600 inbox@investorscircle.net ...
[thebankaccounts.com weblog] Socially Responsible Investing, SRI: . From 2005-2007 alone, SRI assets increased more than 18 percent while the broader universe of professionally managed assets increased less than 3 percent.[9] As of 2007 about one out of every nine dollars under professional management in the United States is involved in socially responsible investing—11 percent of the $25.1 trillion in total assets under management tracked in Nelson Information’s Directory of Investment Managers.
[Ka-Blog!] Socially responible oil exploration?: So my cubicle neighbor Casey Common alerted me to this ironic and sad AP story earlier today about socially responsible investing stalwart Pax breaking its ethics code and investing in industries that clients explicitly want to avoid .
[Trading Made Easy Blog] Pax World fined for making socially irresponsible investments: Pax World Management Corp, a mutual fund company that touts its socially responsible investment policies, has settled with regulators who charged it violated its own guidelines with investments that included companies that derived income from
[thebankaccounts.com weblog] Not Just for Profit, NJP, NJFP: In terms of a long term investment proposition, Socially Responsible Investment (SRI) funds are one of the fastest growing prospects in the City of London. This is important not only because blue chip stock valuation is biased two-thirds towards long-term prospect, but also because the City of London is home to many of the world’s largest institutional funds.
[Internet Marketing Blog] Pax fined for failure to screen investment funds (AP): AP - Pax World Management Corp. has agreed to pay a $500,000 fine because it failed to follow its own socially responsible investing criteria over a five-year period, when two of its mutual funds invested in off-limits industries such as gambling and liquor, and oil and gas exploration.
[thebankaccounts.com weblog] Value Investing: High profile proponents of value investing, including Berkshire Hathaway chairman Warren Buffett, have argued that the essence of value investing is buying stocks at less than their intrinsic value.[2] The discount of the market price to the intrinsic value is what Benjamin Graham called the "margin of safety". The intrinsic value is the discounted value of all future distributions.
[Welcome to the Insanity!] This is why CA is not doing well: The Double Bottom Line saga also provides a cautionary tale for all public funds that let investment decisions be made by politicians, rather than by the investment professionals hired to do so in the first place. Politicians on the campaign trail can generate fast headlines by announcing bold investment initiatives, but the bottom-line consequences of such actions take years to show up.
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