What's Inside Your Mutual Fund?
Do you know what types of companies your mutual funds invest in? A new Wall Street Journal blog, FiLife , pointed to two free services where you can find out. Calvert, a mutual fund company that runs "socially responsible" mutual funds, provides a service called Know What You Own . Just type in the name of your mutual fund, choose from a list of issues, and you can see if any of the companies it invests in make tobacco products, for example. Another organization with a free screening tool is Invested Interests. Its Mutual Fund Social Screen Tool requires your name and e-mail address (and it'll encourage you to open an investment account, which you don't need to do), but it covers more issues than Calvert's service.
Matt's View
These are helpful tools for all who want to put their money where their values are.
This article filed in: Investing
Managing Money by The Book
- "Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock." - Matthew 7:24-25
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