Even though approximately one out of every nine U.S. dollars
is held in a portfolio considered "socially responsible,"
the idea of investing based on social values still makes some
people nervous, writes .
But Mr. ,
president of a legal and financial-services company in Chicago,
asserts that investors won't hurt their portfolios if they
invest in a few "virtuous" companies in order to
promote a cause. That type of investing is both more profitable
and more effective than simply shunning securities in tobacco,
oil, or liquor companies, he says.
His book explores those conclusions and provides practical
advice for how individuals, people investing on behalf of
organizations, and investment advisers can build a socially
responsible portfolio. Among the topics he discusses: legal
obligations and investment policies; the influence of religion
on socially responsible investment decisions; how to assess
an organization's discomfort with such investment options;
and proxy voting.
Publisher: Institutional Investor Books, Nestor House, Playhouse
Yard, London EC4V 5EX England; 44-0-2-7779-8999; (800) 437-9997;
fax 44-0-20-7779-8300; [email protected];
$95; ISBN 1-84374-136-9
Marc J. Lane is a Chicago
attorney, a Master Registered Financial Planner, and the President
of Marc J. Lane Investment Management, Inc.