From the IA Annuity Group, but I think many retirement plans both personal and union sponsored might be interested in this idea: Just an overall note about Mutual Funds, the funds managers and advisers steer the money within the fund to stocks that fit the funds profile. The individual investor only has the prospectus and reports to choose the fund they wish to invest in. There is no say in the securities (stocks, bonds, notes, etc.) that the fund holds. On this day to commemorate the struggle of the Labor Movement in the US I would ask if people would be interested in a fund that invested in Labor friendly companies? I believe that the AFL-CIO could approach a few of the various investment companies, such as Vanguard, MassMutual, T. Rowe Price, or American Funds, to create such a fund. The AFL-CIO would need to get promises from just a few of the various Unions to include such a fund(s) as options in their retirement savings programs to make such a fund a worthwhile product for these companies to make. Our International President Loeb could put such an idea before the AFL-CIO. Would you trust your retirement savings to fund managers that used it to invest in our union brothers and sisters? What would you think about having an adviser to such a fund that would help identify companies that should be invested in, or avoided, because of their relationship with their employees?
Posted on: Mon, 02 Sep 2013 15:48:25 +0000
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