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Politics and Investment Options Don't Mix
National Center for Policy Analysis [NCPA]Link to more items from this source
Nov. 20, 2015
"From 2004 to 2009, Amex Oil and Amex Tobacco outperformed the S&P 500 with positive returns on investment, while three out of four of the Socially Responsible Investing (SRI) funds we measured produced negative returns that were even worse than the S&P 500. This is not to say that 'sin' funds always outperform socially responsible funds, but pension fund managers would be failing their fiduciary duty by judging an investment on politically correct, socially conscious factors that may have nothing to do with economic performance. The Department of Labor should be obligated to investment and product neutrality, lest they ruin the retirement plans of many."

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