‘Social’ Funds Embrace Emerging Markets

With the launch of its "socially responsible investment" fund, MMA Praxis Mutual Funds is the latest firm seeking to piggyback on the demand for emerging-market securities from investors.
But socially responsible funds tend to have strict criteria that are incompatible with many emerging markets. In addition, just finding out whether companies match social screens is a major challenge, as companies in developing economies typically provide less disclosure about their finances, let lone other practices.

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