IW Financial, Portland, Maine, introduced a tool to screen investments for corporate conduct and social behavior, a software program even an environmentalist and a hunter can share.
Its first client for the product, Boston-based Eaton Vance Management's investment counsel group, will use the new IW Financial software to help its equity and fixed-income portfolio managers screen for corporate conduct, social responsibility and related issues, said G. West "Westy" Saltonstall, vice president and director of the group.
The Eaton Vance group will use the web-based tool "to screen portfolios to comply with concerns of clients," Mr. Saltonstall said.
The IW Financial software doesn't attempt to impose a particular value system on the user.
"The technology is designed to accommodate a broad range of core values and investment objectives," Sam Pierce, chief executive officer of IW Financial, said in a statement. "For example, an environmentalist and a hunter may share concerns over preserving the environment, but differ on weapons manufacturing. Our software works equally well in building portfolios that address the core values of both."