There is a new player in the socially-responsible mutual fund arena. Friends Ivory & Sime, best known as an institutional global money manager based in London, has launched two new no-load socially responsible funds.

The Friends Ivory Social Awareness Fund invests in domestic large-cap companies and the Friends Ivory European Social Awareness Fund invests in large-cap companies across Europe. Both will invest according to a multi-part investment process that will screen firms for both their individual financial strength and adherence to socially-responsible principles.

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