London-based
The application, filed with the
At the same time, the
Socially responsible investing has been criticized for its more-expensive-than-average investment products. Earlier this year, for example, the Domini Social Equity Fund converted from passive to active management, increasing its costs and scaring off investors.
Barclays did not include its expected expense ratio in its filing. The Barclay's managed iShares KLD Select Social Index Fund, which was launched last year and tracks the
"The maturity of the SRI market to include investment organizations such as Barclays will only continue to put downward competitive pressure on fees, which we see as good news and overdue," said Jeff Peterson, managing director
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.