Tuesday, April 25, 2006

"Fund companies based overseas are quietly opening their doors to US "

U.S. investors are discovering socially responsible funds offered by non-U.S. firms.

That's the scoop according to
"How to invest in foreign firms that do good: Fund companies based overseas are quietly opening their doors to US investors seeking ethical companies," an article by G. Jeffrey MacDonald in the Christian Science Monitor.

Folks are actually investing in European funds that aren't registered in the U.S. It isn't very convenient, as MacDonald points out. But a very determined investor can succeed.

On the other hand, there's the U.S.-registered Domini European Social Equity Fund. It's less than a year old, but Domini has a good name in the U.S. Speaking of Domini, if you're in Boston, you might want to hear her speak at the Boston Security Analysts Society in May.

Another option: wait for the U.S.-registered SRI fund that Prince Albert of Monaco will launch in September, according to this article.

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