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Suddenly, Amazon Doesn't Love Its Moms Anymore"Being socially responsible means different things to different people; however, in the mutual-fund world, it refers to funds that combine progressive 'social' mandates with investment criteria," explains fund expert Mark Salzinger.
In The No-Load Fund Investor, he suggests, "We have no problem with the concept of socially responsible funds for an investor who wants his investments to reflect his values, provided that the funds have also provided good risk-adjusted returns." Here, he looks at two favorites.
"Funds that call themselves socially responsible usually avoid stocks that don't meet progressive, or politically liberal, standards of environment impact, workplace environment, and diversity/tolerance and community involvement.
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