Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Politics and Investment Options Don't Mix|
National Center for Policy Analysis [NCPA]
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."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|