Jump to navigation
  • News Feed
  • Services
    • 3BL Professional
    • Sponsored Series
    • 3BL CSRwire
    • ReportAlert
    • Green Bond Alert
    • Special Announcement
    • Custom Webcasts
  • Community
    • TriplePundit
    • 3BL Forum
    • CEO of the Year Awards
    • 100 Best Corporate Citizens
  • About
    • Who We Are
    • Contact Us
  • Subscribe
  • Search
  • News Feed
  • Services
    • 3BL Professional
    • Sponsored Series
    • 3BL CSRwire
    • ReportAlert
    • Green Bond Alert
    • Special Announcement
    • Custom Webcasts
  • Community
    • TriplePundit
    • 3BL Forum
    • CEO of the Year Awards
    • 100 Best Corporate Citizens
  • About
    • Who We Are
    • Contact Us
  • Subscribe
  • Search

Search form

Header Nav

  • Login

“Market Beaters” Include $15B Socially Responsible Parnassus Fund

Get Embed Code
Jan 11, 2016 7:00 PM ET

“Market Beaters” Include $15B Socially Responsible Parnassus Fund

Beating the stock market year after year is like winning repeat Super Bowls—it’s dauntingly difficult, but not totally impossible.

To find out which money managers beat the market on a consistent basis, Barron’s, commissioned Morningstar to look for all-star outperformers. The final list of domestic stock funds—those guided by the same manager that beat the S&P 500 Index over longer-term time periods—contained just four names, and one of them was a big surprise.

Parnassus (PARNX), a socially responsible fund, made the cut for this exclusive club. Parnassus shares certain characteristics with the other three: all four winners benefited from a market that has favored growth over the past few years. All own many fewer stocks than the average actively managed fund. And all trade far less than their competitors. But it stands apart for its focus on ethical investing. Jerome Dodson, manager of Parnassus, founded the fund in 1984 with $350,000 borrowed from family and friends. Today, the firm has $15 billion in six funds.

What’s the secret? Dodson looks for companies with good track records on the environment, that also treat people and the community well. He also looks for growth at a reasonable price, evaluating a company’s price/earnings ratio relative to its history. If that sounds like a long view, Dobson says that there is no better time for socially responsible investing than today, and for the foreseeable future.

I’m John Howell for 3BL Media.

Episode Sources: 

Barron's

CSR

Archive

US Offshore Wind Energy Poised to Pop
Nov 7 2016 - 4:05pm
Leading Hedge Fund Manager Moves into SRI
Oct 31 2016 - 5:35pm
Workers in Green Buildings are Happier and Healthier
Oct 24 2016 - 4:30pm
Online Community Engagement: A Solution to Higher Sales
Oct 17 2016 - 7:45pm
Tight Labor Market Changes Health System Hiring Practices
Oct 10 2016 - 4:30pm
Women Make Gains in C-Suite Positions
Oct 3 2016 - 7:30pm
Getting Readers for Your CSR Report
Sep 26 2016 - 5:15pm

Pages

  • …
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • …

© 3BL MEDIA, LLC

  • Privacy Policy
  • Terms of Use
  • Site Map
3BL Media, LLC
136 West St Ste 104
Northampton, MA 01060
  • Contact Us
  • About Us

Find Us on Social

Latest from Leading Brands

  • 3BL Professional
  • 3BL CSRwire
  • 3BL ReportAlert

Editorial & Leadership

  • TriplePundit
  • 3BL Forum
  • 100 Best Corporate Citizens