'Antiterror' Fund Carries a Small Stick

In the years after Pearl Harbor, patriotic Americans lined up to invest billions of their hard-earned savings in government "war bonds" to help pay for the war against Germany and Japan.

In the years since 9/11? Not so much. In fact, if you wanted to invest your savings in a way that supported the war against al Qaeda, you'd be hard pressed to know where to go or what to do.

Enter Adam Sheer, at New York-based Roosevelt Investment Management. Last week his small firm, which has $1.1 billion under management and family ties to President Theodore Roosevelt's heirs, relaunched its tiny $14 million (BULLX Quote)Bull Moose mutual fund as the "Roosevelt Anti-Terror Multi-Cap Fund."

The new name highlights a strategy the fund has been pursuing since April 2005. The impetus came from an investor. "About two years ago," Sheer explains, "one of our shareholders came and said they were upset that people really didn't care if they invested in public companies that did business with countries that sponsor terrorism." ...