The awesome power of markets, ctd.

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Social Funds provides a nice addendum to my previous thoughts and theories on markets:

The Social Investment Forum (SIF) reviewed the performance of 160 socially responsible mutual funds from 22 of its members, and found that 65% outperformed their benchmarks in 2009. The SRI funds reviewed by SIF outperformed their benchmarks across nearly all asset classes.

This essentially means that those who invested in companies they believed to have a social impact achieved greater financial returns on average than those who invested in just traditional companies.

This is another nice setback for those who cling to the theory that you cannot do well by doing good.

Posted on January 26th 2010 in news

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