your response leads me to think of another argument one could make against them: the marginal benefits of these funds is outweighed by the negative impact of the illusions they create.
-- adam
On 4/17/05, tully <tully at bellsouth.net> wrote:
> These are all companies that are very well known for treating their
> employees very well, with good benefits, on-site child care, decent
> wages, flex schedules, etc. These funds are important. Depriving
> other funds by contributing to these helps all of us.
>
> --tully
>
> On Sunday 17 April 2005 05:18 pm, Adam Souzis wrote:
> >On 4/17/05, Doug Henwood <dhenwood at panix.com> wrote:
> >> Adam Souzis wrote:
> >> >But at the margins, why not include social responsible funds in
> >> > the mix? It's better than nothing.
> >>
> >> Have you looked at what they have in their portfolio?
> >>
> >> Here are the top 10 holdings in the KLD index
> >> <http://www.kld.com/benchmarks/topten.html>:
> >>
> >> 1. Microsoft Corporation
> >>
> >> 2. Johnson & Johnson
> >>
> >> 3. Intel Corporation
> >>
> >> 4. American International Group, Inc.
> >>
> >> 5. Procter & Gamble Company
> >>
> >> 6. J.P. Morgan Chase & Co.
> >>
> >> 7. Cisco Systems, Inc.
> >>
> >> 8. Wells Fargo & Company
> >>
> >> 9. Verizon Communications
> >>
> >> 10. Dell, Inc.
> >>
> >> At least they seem to have dropped Wal-Mart. But it was there 5-7
> >> years ago.
> >>
> >> Doug
> >
> >yes, exactly! the difference between them and any other large cap
> >growth fund is marginal. And that margin of difference is wal-mart
> > and (i assume) lockheed and rjr nabisco (guess they're called
> > altria now -- as in altruisic -- brillant doublespeak) , etc. So
> > yes a very marginal difference but a difference nonetheless and
> > since you have to invest in any event if you want to be able to
> > retire eventually, the amount of effort and risk of choosing
> > something like this over an equivalent fund from fidelity or
> > whatever is pretty marginal too.
> >
> >-- adam
> >
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