socially conscious mutual fund

Definition

Mutual funds that invest in securities from companies that operate ethically, provide social benefits, and are sensitive to the environment. These funds were established during the 1970s when concerns about the environment and its preservation became a hot topic. Socially conscious mutual funds typically cost investors more each year in expenses. Prospective investors are provided a list of socially conscious mutual funds to select from, covering a variety of areas.
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socially conscious investing socially responsible fund