Amy Domini, the chairman and president of Domini Funds of New York and a widely respected pioneer of the socially responsible investment world, recently announced that four of her eight mutual funds would no longer invest according to the socially responsible equity index that bears Domini's name. Instead, in a provocative move intended to pump up the sagging performance of the funds, the funds will shift to an active investment management strategy later this year.

This surprising change in strategy was quietly revealed in a preliminary proxy statement the fund group filed with the SEC last month. If plans are approved by Domini fund shareholders, effective this November, Wellington Capital Management of Boston will begin managing the funds, supplanting State Street Global Advisors of Boston as the funds' sub-advisor.

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