13 Oct 2006 True Blue Mutual Fund IDs “Progressive” Companies
Can a mutual fund have a political persuasion? Apparently so.
Senior Fellow Tom Borelli (who also happens to be affiliated with a pro-freedom mutual fund, the Free Enterprise Action Fund) has shared with me a new development in the mutal fund industry: A self-described “no Republican” mutual fund.
The Blue Fund claims it invests in companies that pass its “give blue” and “act blue” tests. I’m guessing that means companies it perceives as liberal.
So, if you are a liberal looking to invest only in liberal companies, this might be the fund for you.
Alternatively, if you are a conservative looking for companies not to patronize, the Blue Fund website might have some lists of interest to you.
P.S. Anyone surprised to CBS on the true blue company list?