Rockefeller & Co., successor to the family office of John D. Rockefeller, has begun managing its first U.S. mutual fund, the Enterprise Global Socially Responsive fund, The New York Times reported Jan. 14.
The fund will invest in 40 to 50 companies that follow socially responsible policies.
Roughly 45 percent of the fund’s investments are overseas, including Unilever, which portfolio manager Farha-Joyuce Haboucha says has backed sustainable fishing and agriculture, and Texas Instruments, which she says runs one of the best employee diversity programs in U.S. industry.
“Corporations have a role to play in contributing to the economic well-being of they society they operate in,” she told the Times. “Those that go against society’s values are adding an extra layer of risk to their long-term business prospects.”
For full story, go to The New York Times.