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Terror-Free Mutual Fund

Jonathan Schanzer

Bob Frick at Kiplinger’s Personal Finance makes a compelling case for investing in the “Roosevelt Anti-Terror Multi-Cap” mutual fund.

The fund has performed well by avoiding stocks of companies that work with Iran, North Korea, Sudan or Syria. Over five years, the fund ( BULLX) returned more than 16% annualized. With good returns, low minimum, low expenses (1.28% annually) and the anti-terror hook, the fund may be useful to the growing list of states that passed laws requiring their pension funds to divest from terror-related companies.

Read our recent posts on the divestment movement here and here. Read about Beverly Hills efforts to divest from Iran here. See the SEC list of companies the avoid here. Finally, read my recent article about the key role that congress must play here.