Three new funds with unique investment approaches recently debuted, two of them last week. The Blue Large Cap Fund and the Blue Small Cap Fund, managed by Blue Investment Management of New York, screen for socially responsible characteristics as well as political leaning that aligns with the Democratic Party. (The blue name derives from the Democratic focus, versus the opposing red, representing Republican.)

Well-known KLD Research & Analytics of Boston will do the social screening for the funds, while the advisor will do the political screening, looking for companies that engage in business practices that are consistent with progressive values, such as respecting human rights and treating employees fairly, and that make corporate donations to Democratic candidates and political action committees whose policies are in line with the Democratic Party. In addition, the personal political contributions of each company's top three executives will be scrutinized to be sure their contributions are also true blue.

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