| |
 |
It
Pays to Be Good Page
3
| The New Players |
Ticker
|
Exp. Ratio
|
YTD %
|
Inception to 6/20/00 %
|
Inception Date
|
|
Walden/BBT Domestic
|
WDSIX
|
0.75%
|
+0.28
|
+10.09
|
7/30/1999
|
| Walden/BBT International |
WISIX
|
0.91%
|
-4.60
|
+11.74
|
8/26/1999
|
| TIAA-CREF Social Choice Equity |
TCSCX
|
0.27%
|
+3.11
|
+3.11
|
4/03/2000
|
| Vanguard Calvert Social Index Fund |
N/A
|
0.25%
|
N/A
|
N/A
|
5/31/2000
|
Returns through 6/20/2000
(Source: Morningstar, Inc.)
For now, at least, it is profitable to be good. What remains to be
seen is how well socially responsible funds will perform as volatility
in the tech sector continues. Rumblings that tech and dot-com companies
might not be living up to their squeaky "green" reputations can't
be good for socially responsible funds. The fact that Microsoft, a
company that admitted to engaging in unscrupulous business strategies
to dominate competitors, figures so prominently many socially responsible
portfolios, along with union-crushers like Walmart, might also have
investors scratching their heads. In the end what constitutes "socially
responsible" behavior is as complex as each investor's decision to
invest with a social conscience.
06/21/00
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