Products December 2, 2002
Real Assets Unveils Fund for Social Leaders
February 12, 2002 (PLANSPONSOR.com) - Real Assets
Investment Management Inc. unveiled its Social Leaders Fund,
which invests in companies committed to environmental and
social improvements.
Reported by Fred Schneyer
According to Real Assets, the targeted companies demonstrate the financial benefits of strong social leadership through their progressive policies, practices, products and services.
To date, the Social Leaders Fund has invested in 25 companies from Canada, the US and abroad. It will eventually hold up to 50 companies.
Some of the names held by the fund include:
- Cisco Systems, which offered its laid off employees the option of working for a non-profit organization for one year with Cisco paying a third of the worker’s salary and the workers’ health benefits and stock options,
- Fannie Mae, which was named in 1999 by Working Mother magazine as among the ten best workplaces for working mothers, and
- Whole Foods, which was chosen as one of the 100 Best Corporate Citizen by Business Ethics magazine in 2001
For more on socially responsible investing:
See Socially Screened Portfolios Post Steep Increase