Socially Conscious Mutual Fund

Mutual fund that is managed for capital appreciation while at the same time investing in securities of companies that do not conflict with certain social priorities. As a product of the social consciousness movements of the 60s and 70s, this type of mutual fund might not invest in companies that derive significant profits from defense contracts or whose activities cause environmental pollution, nor in companies with significant interests in countries with repressive or racist governments. See also Green Investing.