Ten percent of U.S. mutual fund assets will be in socially and environmentally responsible mutual funds by 2012, predicts Barbara Krumsiek, Calvert Group CEO. Currently, 2% of U.S. mutual fund assets are in such funds.
"My estimate is this optimistic for two reasons, Ms. Krumsiek writes in a special report in the summer issue of the Green Money Journal. "First, access to (socially responsible investments) in retirement plans has increased substantially in the past few years. The number of major 401(k) platforms offering at least one screened fund has risen from 1-in-10 to 9-in-10, and this access will logically translate into usage as more corporations add SRI options to their plans.