Forbes features NI’s Kramer in “Top 10 Fund Buys from 10 Pros”
Forbes recently ran a piece entitled How to Invest Your Money in 2016: Top 10 Fund Buys from 10 Pros, which featured Michael Kramer, Resilient Investor co-author and Natural Investments managing partner. Michael highlighted a large cap fund from one of our longtime SRI faves, Parnassus:
One of the best performers in this space is the little-known Parnassus Endeavor Fund (PARWX), a 10-year-old fund with $1.4 billion in assets managed by Parnassus Investments’ founder Jerome Dodson. . . . It emphasizes holdings that are considered outstanding places to work in terms of labor standards, diversity, benefits and leave policies, and employee health and safety. The fund is also one of a small group of funds that by policy does not hold companies engaged in the production, manufacturing, or refining of fossil fuels, while its broader environmental, social, and governance (ESG) criteria excludes alcohol, firearms, tobacco, gambling, nuclear power, and non-medical animal testing while prioritizing companies with outstanding track records in community relations, board and executive compensation and independence, and environmental issues.
Read the rest of Michael’s contribution on the Forbes site (his is the final one in the list). As always, it’s rewarding to see our approach getting some notice in the mainstream financial press!