Every category of mutual fund is in the red this year, said Sam Mamudi in MarketWatch, “but one area that has held up better than most is socially responsible investing.” According to Morningstar, 15 out of the 91 funds that screen stocks based on certain moral and ethical standards have outpaced the Dow by more than 10 percentage points. Perhaps if you look for good corporate governance, you end up with more risk-averse companies.
Certainly, trading in the $96 billion carbon credits has been a good investment, said Fortune’s Marc Gunther in CNNMoney online. For 2008, through Oct. 15, an index of carbon credits has grown 5.4 percent. And unlike many investments, it has real growth potential, especially if the U.S. starts regulating greenhouse gasses.
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Foreigners in Spain facing a 100% tax on homes as the country battles a housing crisisUnder the Radar The goal is to provide 'more housing, better regulation and greater aid,' said Spain's prime minister
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