In a move to curb left-wing attack on big business, a new investment group has launched the Free Enterprise Action Fund. The mutual fund, which officially launched on March 1, plans to promote free enterprise.

Steve Milloy, the fund's advisor, told Cybercast News Service that the organization was formed because of the "dismay at how corporations were attacked and doing a lousy job defending themselves" against socially responsible funds.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.