(July 3, 2014 at 4:31 pm)Heywood Wrote:Quote:It was a few years ago that the Department of Labor issued guidance reaffirming their position that the goal for investments in ERISA plans, such as 401(k)s and 403(b)s, must be to design investment menus to allow participants to attempt to maximize returns and not for any factor other than the economic interest of the plan. The guidance specifically addressed funds meeting environmental (green) criteria known as socially conscience or socially responsible funds. “The plan's fiduciaries may not simply consider investments solely in green companies. They must consider all investments that meet the plan's prudent financial criteria.” This means that there should be no special consideration given to any investment due to its social agenda. The same selection and monitoring process that is utilized for the core investments in the plan’s menu must be applied to socially responsible funds.....
http://www.mfa-cpa.com/New-Wealth-Adviso...-Think-Red
Nice try, but we aren't talking about a retirement plan that solely offers green energy companies to invest with. We are talking about a mutual fund that leaves out a handful of the hundreds of pharmaceutical companies that they could possibly invest with. Your first clue that you were barking up the wrong tree should have been the two examples I linked that exist solely to facilitate investments that are "morally responsible", at least to a Christian point of view.
"How is it that a lame man does not annoy us while a lame mind does? Because a lame man recognizes that we are walking straight, while a lame mind says that it is we who are limping." - Pascal