Bye bye Highland Equity Funds

[squib]

Closing all of my positions held in this fund. I received this letter from the equity firm I have an IRA with.
Too far left for me.

 

[Acer-m14]

well they did get the GMO part right

 

[Carlos Hathcock]

Well done

 

[C3D]

You're a little thin-skinned on this one. All they are doing is offering a product to those people who have a different preference for social investing then you do.

This is like boycotting a bookstore because although they sell a lot of books you like and read, they also sell books on subjects you don't like.

PS, the socially responsible investing funds have decent returns so far.

 

[repete]

You're a little thin-skinned on this one. All they are doing is offering a product to those people who have a different preference for social investing then you do.

This is like boycotting a bookstore because although they sell a lot of books you like and read, they also sell books on subjects you don't like.

PS, the socially responsible investing funds have decent returns so far.

I don't think so, the company stated that is their position and the customer is free to state his.

 

[Calculon]

So it’s ok to shop at Dick’s even though they are anti 2A because they sell stuff your kids soccer team uses? Hey they sell a lot of other great stuff, don’t be sensitive cuz they don’t like guns.

 

[C3D]

I don't think so, the company stated that is their position and the customer is free to state his.

Here is a link to the MSCI funds: https://www.msci.com/documents/1296...2016.pdf/8eee386c-71b3-4ea6-b07a-17d9cf13665b

The KLD fund (the socially responsible one) is all the way down on page 41. Given this is one out of several thousand MSCI-linked funds, it’s difficult to see how MSCI is taking an anti-gun position. They are just making an offering for those who want to invest in that manner.

 

[BDinPutnam]

I know I'm splitting hairs but note that MSCI doesn't provide "funds"; they provide the indices that various providers use to bundle products to sell to investors. I think the bookstore analogy might actually be (sort of) apt: Highland Equity Funds is the author @squib doesn't want to buy, and they're basing their material on reference material provided by MSCI.