Topping $2 trillion
More Americans are investing in accordance with their values, according to a new study.
The nonprofit Social Investment Forum in Washington found that socially responsible investments account for more than $2 trillion in the US today, up dramatically from a mere $40 billion in 1984.
Today one out of every $8 under professional management in the US is in socially responsible investments, as reported by The 1999 Nelson's Directory of Investment Managers.
The Forum also found that socially screened portfolios most often avoid tobacco, gambling, alcohol, and weapons, and target the environment, human rights, and labor issues.
Their study includes all segments of social investing - screened portfolios, shareholder advocacy, and community investing.
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