Reviews of Green Century Funds
Environmentally responsible mutual funds founded by nonprofit advocacy organizations. The Balanced Fund invests in the stocks and bonds of companies with clean environmental records. The Equity Fund invests in the stocks of the environmentally and so
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Not so Green, and not so Honest
They advertise that these funds are "fossil fuel free" however, check out their holdings: JPMorganChase is on the list, a company that has invested heavily in the coal industry! Green Century funds seem to only be green on the surface, a slight scratch reveals that they are not so green. I would not invest with them for this reason. Also on the list: Gap, PepsiCo, and McDonalds. This is not socially responsible investing with companies like that on the list...
by Allison Orsi
02/25/2014 - 03:17 am