Forward Management, LLC, and the Sierra Club unveiled the new family of mutual funds yesterday. First to market will be the Sierra Club Stock Fund and Sierra Club Balanced Fund, both of which could be available to investors as early as January of 2003.
The Sierra Club will contribute its brand and investment evaluation criteria to investments of the funds, which will be managed by Forward Management.
The Sierra Club funds will also help fund efforts of the Sierra Club, since Forward Management has agreed to pay the Sierra Club a fee for its aid in identifying securities that meet the Club’s social and environmental guidelines.
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