Socially responsible investing grows

Assets invested in socially responsible vehicles have grown faster over the last decade than managed assets overall, a new study says.

Socially responsible investment assets grew more than 258 percent from 1995 to 2005 to $2.29 trillion, compared with $24.4 trillion in overall assets under professional management, which grew 249 percent, the study says.

The amount of assets invested in socially responsible mutual funds grew 18.5 percent from 2003 to 2005, and assets in community investing grew 40 percent.

Almost one in 10 dollars managed by professionals in the U.S. is invested in socially responsible vehicles, the study says, and more mainstream money managers are choosing such investment options.

Shareholder resolutions regarding social and environmental issues were up 16 percent over the past two years.

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