Performance Largely Unaffected By Volatility
The stock market has been up. The stock market has been down. But when it comes to performance, socially responsible mutual funds have been holding their own, according to a report appearing on Financial Planning Interactive.
According to the latest data from the Social Investment Forum ending June 30, 10 of the 15 socially responsible funds, with $100 million or more in assets, earned top performance marks from either or both Morningstar and Lipper Analytical Services for the one- and three-year periods.
Of the 46 socially screened funds with three-year performance records, approximately 54% received an 'A' or 'B' ranking from Lipper and/or four or five stars from Morningstar.
In addition, Wiesenberger, which has the same corporate parent as Mutual Fund Market News, placed nine of the 15 largest social funds in the top quartile of their investment categories based on three-year performance records. The company also reported that 19 of the 46 socially and environmentally responsible mutual funds ranked in the top quartile for performance in their respective categories for the three years ending June 30.