"The number of SRI funds in the U.S. has grown to 250 with assets of $316.1 billion in 2010, up from 55 funds with $12 billion in assets in 1995, according to the Social Investment Forum.
Similarly, some funds are devoted to investing based on religious beliefs or other social causes. The Ave Maria funds follow the doctrines of the Catholic Church, while the Amana funds abide by Islamic principles. On the flip side, at least one fund--Vice Fund (symbol VICEX)--takes a different approach. It invests in companies that make things harmful for our health and society, such as casinos and makers of alcohol, cigarettes, and weapons."
Socially responsible investing (SRI) is a frequent topic of conversation in various finance classes. This article serves as a good primer to what SRI means and the pluses and minuses of investing in SRI funds.