It's a lousy time to be in the financial services, but the Wall Street Journal reports (subscription required) that the Neuberger Berman Socially Responsive Fund is seeing investor inflows -- a claim that very few mutual funds can make.
Like most SRI funds, the Neuberger Berman Fund screens out all companies involved in tobacco, alcohol, gambling, nuclear energy and defense. After that, the fund seeks out companies with strong balance sheets and good growth prospects and then screens based on more proactive criteria like workplace diversity, environmental impact, etc.
Like most SRI funds, the Neuberger Berman Fund screens out all companies involved in tobacco, alcohol, gambling, nuclear energy and defense. After that, the fund seeks out companies with strong balance sheets and good growth prospects and then screens based on more proactive criteria like workplace diversity, environmental impact, etc.
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