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Democrats Get Their Own Mutual Fund

by Flexo on June 16, 2006

in Investing

If you’re a Democrat and Democratic values are important to you, you may want to put your money where your mouth is and invest blue. According to CNN Money, Blue Investment Management intends to offer a mutual fund that consists of companies that “give blue” and “act blue.” That means they support Democratic politicians and employ practices that “respect human rights, work towards environmental sustainability and avoid dealing with such harmful products as tobacco and firearms.”

75 different companies will be included in the Blue Fund, and here are a few:

* eBay (EBAY)
* Apple (AAPL)
* Liz Claiborne (LIZ)
* Lehman Brothers (LEH)
* North Fork Bank (NFB)
* Starwood Hotels (HOT)

Blue Investment Management doesn’t seem to have a website yet, but they are incorporated in Delaware and you can reach them here:

Blue Investment Management, LLC
590 Madison Ave., 21st Fl., New York, NY 10022

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About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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  • Hey, that sounds cool. I wonder who they have managing the fund and how successful they are? Thanks for the heads up.
  • Wow! This is a great tool. Even if you do not invest in the fund, it gives you an idea about the companies. Now you can choose companies to patron, or not (in my case).
  • I thought this was kind of funny:

    "Blue Investment Management warned in its filing that since it also has a political agenda, it may not perform as well as other index funds. The company also said it would sell or avoid a well-performing stock simply because it does not meet the "give blue" or "act blue" requirements."

    Democrat or not, I don't think this makes good investment sense.
  • JLP, LOL...

    I guess if anything it offers a way to kill two birds with one stone--support your party and invest...priority being the support part...
  • I dunno, if I was interested in supporting one party I think I would rather invest according to what I thought would bring in the best return and then donate to the party.

    Still, its a pretty cool idea. I've seen funds that stay away from certain industries or products but not one that is just made up of companies favored by a particular political party.
  • I don't think this it is wise to invest in anything like this. Sure, they may support 1 or more candidates or usues of 1 party or the other, but that is not the point of their business.

    Seems silly to me.
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