By Walid L. Petiri
NEW YORK (AdviceIQ) -- Socially responsible investing is increasingly popular, with more and more mutual funds offering this ideals-based style. It is a diverse field, more known for what the funds avoid (some won't invest in cigarette companies, others bar defense contractors, etc.) than what they embrace (pro-green or promoting diversity, for instance). But are they good investments?
Actually, the answer is yes.
Aiming to do well by doing good, SRI funds are not in the business of losing money in pursuit of noble ideals. Also called impact investing, this style has the advantage of offering karmic rewards to its investors, which is powerfully attractive and aids in garnering investments.Maybe you don't think of yourself as an activist. You don't demonstrate with a sign, you don't have the time or energy to push political, human rights or other types of civic causes. Yet by putting your money into a financial organization that advocates for certain types of corporate behavior, you can be part of generating change.