tag:blogger.com,1999:blog-83616121445404061272012-02-02T21:28:24.038-05:00SRIgreen.comAnti-hypocrisy / Pro-SRI :
Advocating for socially responsible investing to be authentic and transparentEric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.comBlogger71100tag:blogger.com,1999:blog-8361612144540406127.post-15508099577643897582011-12-15T10:12:00.008-05:002011-12-15T10:56:17.952-05:00Principle Profits an SRI adviser accused by the Commonwealth of MassachusettsThe Massachusetts Securities Division on December 14, 2011 accused Principle Profits Asset Management of fraud. The firm is a one-man investment adviser led by Dan McKenna operating as a socially responsible investment adviser. Doing business in Amherst, Mass, he managed $18 million for 115 clients.
McKenna solicited twenty-two of his clients to invest over $1 million into the equity of his Eric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.com0tag:blogger.com,1999:blog-8361612144540406127.post-15466284454535121962010-01-27T11:33:00.005-05:002010-01-27T13:54:59.257-05:00Why did the U.S. SEC find that the Pax World funds engaged in fraudulent and deceitful practices, making bogus claims and misleading shareholders?Only recently concluded was litigation concerning a Pax World portfolio manager, since departed, who created fictitious notes to document investment committee meetings that never occurred. The scheme was concocted to fool the SEC in an examination conducted six years ago.
As disturbing was the fact that the previous summer the SEC concluded a long-running, broader investigation of Pax World andEric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.com0tag:blogger.com,1999:blog-8361612144540406127.post-24031512904269380562010-01-18T21:57:00.000-05:002010-01-18T21:57:46.627-05:00Why are the Calvert funds pressuring corporations on executive pay when Calvert itself doesn't tell its own mutual fund shareholders how much Calvert executives take home?The Calvert mutual funds have long and strongly pressured corporations to be accountable with regard to how much they pay their executives. They’ve lobbied the SEC to require full disclosure of executive pay and supported efforts in Congress to mandate an annual shareholder vote on such matters. However, does Calvert itself tell its own mutual fund shareholders how much Calvert executives take Eric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.com0tag:blogger.com,1999:blog-8361612144540406127.post-81320343989222939612008-03-16T12:47:00.073-04:002011-03-01T09:49:04.944-05:00Why are the Pax World mutual funds invested in AECOM Technology, an engineering and defense contractor?
AECOM Technology is an engineering and defense contractor whose business ranges from managing the U.S. Army’s Fort Polk, including its live-fire target ranges, to operating logistics, training and repair depots for the U.S. military in Iraq, Kuwait and Afghanistan, with more than 6,000 employees working for its CSA subsidiary in Kuwait alone. They are no-bid defense contractors repairing and Eric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.com0tag:blogger.com,1999:blog-8361612144540406127.post-91945378535162650812008-03-16T12:45:00.003-04:002008-03-27T12:12:30.525-04:00Why are the top ten holdings of socially responsible mutual funds little different from those of non-socially responsible funds?The Holden & Partners report, released last month, determined via a comprehensive fund survey of so-called green funds that “very few funds have companies which are directly tackling climate change in their top ten holdings.” The portfolios of most green funds, they conclude, are dominated by investments in large, multinational corporations.Eric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.com0tag:blogger.com,1999:blog-8361612144540406127.post-41894347314018316632008-03-16T12:38:00.013-04:002008-03-31T22:44:29.931-04:00Why are the Citizens Balanced and Value funds invested in URS, a defense and nuclear contractor?In the case of the Citizens Balanced and Value funds, with Sophia Collier as the portfolio manager, mega-cap and large multinational stocks have also come to represent the overwhelming majority of the funds’ investments. Oil drilling and petroleum stocks are the first, second and third largest investments of both funds. Additionally, the fund has an investment in the defense and nuclear Eric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.com0tag:blogger.com,1999:blog-8361612144540406127.post-1425649919373588652008-03-16T12:33:00.006-04:002010-01-18T22:14:24.570-05:00Are SRI mutual funds' high levels of fees and expenses in shareholders' best interests?Why are SRI mutual funds charging a high level of fees and expenses contrary to the best interests of their shareholders? A Consumer Reports Money Adviser study calculated that the average SRI mutual fund charges a high 1.66% in annual fees. Many collect much more, even without considering any sales commission or “load” that might be charged to investors (subtracting as much as 4.75% of their Eric W. Bright, CFAhttp://www.blogger.com/profile/00066213544225114347noreply@blogger.com0