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Investing/Strategies / Socially Responsible Investing
|Subject: Re: Citizens Funds||Date: 2/11/2008 10:52 PM|
|Author: Edlbym||Number: 2221 of 2248|
Thanks for chiming in. Found this:
I am very concerned about the pending takeover of Citizens Funds by Sentinel Funds. My purpose of investing a large portion of my portfolio with Citizens was due to its commitment to make the world a better place for all through Socially Responsible Investment. I was comfortable with the returns knowing there was a greater good involved.
I do not believe Sentinel has this goal as their core investment strategy. It appears they purchased Citizens Funds to offer a new SRI product, rather than to integrate the philosophical approach in their overall corporate approach to social change. Such a perspective is not even mentioned on the Investment Philosophy webpage (see link below).
There will certainly be more of a change than just the name on the statement letterhead. Either Sentinel becomes dedicated to social investing, or my money will find a new home that is truly a vehicle for social change.
(from messages dot finance dot yahoo) pointing to
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