Winnipeg Free Press - PRINT EDITION
Socially responsible investing still going strong: officials
"Basically, the question is how is the industry faring through the downturn, and the consensus is that it's faring quite well," Eugene Ellmen, executive director of the Toronto-based Social Investment Organization, said in an interview Tuesday.
Ellmen and SIO president Cheryl Crowe said not only are SRI funds experiencing lower shareholder-redemption rates than many conventional funds, but the amount of money being invested in them continues to grow.
Crowe, an SRI specialist with Assiniboine Credit Union, said that during the stock market turmoil of the last two years, the value of assets invested according to SIR guidelines has increased by 21 per cent to $609.2 billion from $503.6 billion.
"What that is saying is that we're getting new assets coming in," she said on the final day of a three-day SRI conference in Winnipeg. The conference drew 164 delegates from across the country as well as the United States and Europe.
Crowe said what started in the 1980s as a niche segment of the investment market has now become mainstream.
Ellmen also said while many conventional funds have been hit with high shareholder redemptions since last fall, that hasn't been the case with most SRI funds.
"The good news is our investors are also staying with us. They're investing for the long-term, and they're prepared to ride it out."
-- Murray McNeill
Republished from the Winnipeg Free Press print edition June 10, 2009 B5
The comment period for this story has ended.
-
Breaking News Alerts
Sign up for our new Breaking News Alerts
-
Editor's Bulletin
Sign up for daily bulletins
-
Winnipeg road closures
Check if your commute is affected
-
Blogs to Watch
We pick our favourite local blogs for you to follow
-
Breaking News Widget
Create and embed a Winnipeg Free Press breaking news widget on your site or blog
-
Twitter
Follow our reporters and news feeds on Twitter
Ads by Google
- Back to Top
- Return to Business
Poll
Most Popular
- Hells clubhouse seized
- Bombers stamp out fun: fans
- City family's return from vacation turns tragic
- Corydon bar employee charged in man's death
- Second son dies after Kenora crash
- Hydro picks its west side route
- Happy hubby loves wife's nudity
- Girl tries to kill self at MYC
- Cost jump could change stadium design
- River Rouge runs aground
- Victims of deadly crash are from Winnipeg
- Tornado touches down near Oakbank
- City family's return from vacation turns tragic
- Man killed in motorcycle crash with car
- Night storms jar Manitoba with tornado, washed out roads and hail
- Man drowns in Whiteshell
- Monarch migration mystery solved by Canadian researchers
- Ice Edge loses exclusivity edge in Coyote deal
- Meat Loaf taken off MTS Centre’s menu
- Grandparent scam becoming more common in city
- What's 2204355? It's the latest unexplainable web trend
- Lundar resident faces charges over 911 calls
- Victims of deadly crash are from Winnipeg
- Katz dating younger woman -- but that shouldn't matter
- Teen takes own life after alleged assault
- Have the province and city gone too far in naming a lake and community centre after Jonathan Toews?
- Body found at The Forks tentatively identified
- Human head found at The Forks
- Body found near Grant Park
- Churches crumble across U.S.
- Hells clubhouse seized
- Bombers stamp out fun: fans
- Hydro picks its west side route
- Cost jump could change stadium design
- Cost flap delays start on stadium
- Housing project future of infill
- Three dozen neglected dogs destroyed
- Winnipeg police unveil new decal, motto
- Hey, hey, my, my... why do some fans behave like boors?
- Montana officials trap grizzly, 2 of her 3 cubs, after campground mauling that killed man
- The Oxy dilemma
- Cruisers curse police checks
- Winnipeg police unveil new decal, motto
- Hells clubhouse seized
- Bombers stamp out fun: fans
- Hydro picks its west side route
- Nursing students' careers put on hold
- Program to train aboriginal railway conductors
- Cost jump could change stadium design
- Core chaos shuts eatery's doors
- Katz dating younger woman -- but that shouldn't matter
- The Oxy dilemma
- Bombers boot beer snake
- More than 100 motorists charged under cellphone law
- Cruisers curse police checks
- Winnipeggers demonstrate against G20 protesters' treatment
- Winnipeg police unveil new decal, motto
- Hells clubhouse seized
- 'Dream home' lost, family devastated
- Bombers stamp out fun: fans
- WWII Lancaster Bomber flies into Winnipeg today
- Hydro picks its west side route
- Girl tries to kill self at MYC
- School staffer faces charges for sex crimes
- Province cautious on trials for multiple sclerosis therapy
- Corydon bar employee charged in man's death
- Housing project future of infill
- River Rouge runs aground
- Unfair to students
- Montana officials trap grizzly, 2 of her 3 cubs, after campground mauling that killed man
- Nasty, poisonous plant causes burns, blindness
- Night storms jar Manitoba with tornado, washed out roads and hail
- Nursing students' careers put on hold
- Old, new songs forever Young
- Woman who survived bear attack in US says she played dead to get the animal to leave her
- Saskatchewan premier calls for clinical trials of controversial MS treatment
- Liquid calories
- Tornado touches down near Oakbank
- Computer wiz's alter ego: Sir Lance-a-Lot
- WWII Lancaster Bomber flies into Winnipeg today
- Lundar resident faces charges over 911 calls
- Protection or peril?
- Nasty, poisonous plant causes burns, blindness
- Night storms jar Manitoba with tornado, washed out roads and hail
- Osteoporosis Canada issues updated vitamin D guidelines for bone health
- Nursing students' careers put on hold
- Last Grapes restaurant out of business
- A Royal whirlwind: The Queen's day in Winnipeg
- Bombers boot beer snake
- Katz dating younger woman -- but that shouldn't matter
Events
July 30, 2010
Gavins Chance for Change
Golf Tournament Fundraiser includes 18 holes of golf, cart, smokie or hamburger for lunch and banquet dinner. Registration at 8:30 a.m. Shotgun start at 10 a.m. ...
0 Comments
You can comment on most stories on winnipegfreepress.com. All you need to do is register and/or login and you can join the conversation and give your feedback.