Question

Mutual funds that invest only in companies that meet certain criteria and usually exclude companies that produce tobacco, weapons, or alcoholic beverages are known as:

a. socially responsible funds.
b. global funds.
c. equity funds.
d. fixed-income funds.
e. money market funds.

Answer 1

socially responsible funds

Step-by-step explanation:

socially responsible funds

An investment plan that is socially conscious is one that finds good returns on investment and ethical business practices to go hand in hand. SRI investors think they can find securities that will receive attractive returns and help create better world by incorporating those social requirements with robust investment standards.