Starting Green Mutual Funds

OBJECTIVES OF MUTUAL FUNDS
  • To elect Greens as corporate directors;
  • To provide participants with a choice of voting strategies:
    • Investor decides specific votes by mail, telephone or secure e-mail;
    • Proxies are cast according to investor's ordered priorities (for example):
      • for
        • peace,
        • civil liberties,
        • soil conservation,
        • animal rights,
        • labor standards,
        • feminism,
        • ethnic diversity,
        • gay rights,
        • regional interest,
        • renewable energy,
        • etc.;
      • against
        • management recommendations,
        • mergers,
        • banking interests,
        • etc.;
  • To facilitate donation of yield to charity, for those who choose it;
  • To provide a wide range of services to participants:
    • Liquidity, through checks (traveler's checks?);
    • Passing assets to beneficiaries (compare life insurance);
    • Tax-deferment for retirement assets;
    • Transferability to a family of funds;


    • ORGANIZATIONAL STRUCTURE OF MUTUAL FUNDS
    Shareholders (owners)
    • invest money;
    • elect Directors (proportionally);
    Board of Directors
    • sets policy;
    • approves investment strategy;
    Adviser
    • may be a manager of other funds;
    • receives commission based on performance;
    • chooses trades according to policy established by Board of Directors;
    • obtains expertise of nonprofit organizations.

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    Questions? Comments? Send mail to aloe@rev.net.

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    Last revised: 30 August 2007
    visitors since 16 September 2000