Now Reading
Groups Launch Sudan Mutual Fund Screening Tool - Approx. 57 Million U.S. Households Own Mutual Funds
Groups Launch Sudan Mutual Fund Screening Tool - Approx. 57 Million U.S. Households Own Mutual Funds
Published 09-25-06
Submitted by Sudan Divestment Task Force
WASHINGTON--(BUSINESS WIRE)--Sept. 25, 2006--The Sudan Divestment Task Force and Invested Interests have created the first online tool allowing individuals to screen their mutual funds for investments in companies supporting the Sudanese government and its genocidal policies in the country's Darfur region. Although many companies operating in Sudan do substantial good, experts agree that certain "offending" companies are clearly contributing to the government's genocidal capacity while imparting minimal benefit to those outside government circles. By selectively targeting these "offending" companies, investors can carry out socially responsible investing while minimizing unintended harms to Sudanese civilians.
The Sudan Screening Tool (http://www.sudandivestment.org/screener.asp) generates a report detailing the names, dollar value, and percent of total mutual fund assets invested in offending companies. Previous Sudan divestment data has only been available to large institutions and targeted all companies with a connection to Sudan. In contrast, the Sudan Screening Tool only identifies offending companies and allows any mutual fund investor to actively participate in Sudan divestment.
Sudan Screening Tool data is collected from public and governmental databases, corporate interviews, and foreign policy experts and routinely updated by the Task Force and Invested Interests.
To discuss the Sudan Screening Tool and other resources available for Sudan divestment, the Sudan Divestment Task Force will be presenting a web conference for investors and financial professionals on September 27th, 2006 from 1:00p.m. - 2:00p.m. EDT. For details and to sign up, please contact info@sudandivestment.org.
About the Sudan Divestment Task Force (http://www.sudandivestment.org):
The Sudan Divestment Task Force is the national clearinghouse for the Sudan divestment movement. Their data is used by nearly 100 universities, large institutions, and state pension funds across the country, as well as for numerous socially responsible investment advisors.
About Invested Interests (www.investedinterests.com):
Invested Interests is a registered investment advisor providing online socially responsible investing services to individuals and institutions. Invested Interests offers access to over 100 socially responsible mutual funds and research on a variety of social issues. Founding advisor Brandon J. Small recently presented on social investing at the Net Impact Annual Conference held at Stanford University with keynote speaker Al Gore.
Copyright Business Wire 2006
