Couple feels fallout of ethical investing
In Victoria, a couple we'll call Henry and Theresa insist that their investments be socially responsible. At their respective ages of 39 and 37, they work for units of the B.C. government and have advanced degrees, though little knowledge of capital markets.
Over the years, they have entrusted their money to mutual funds and money managers linked to what they have insisted be ethical investing. They have put their social principles ahead of asset selection, with what have turned out to be mostly below average returns by the majority of their mutual funds, which they have used for their registered retirement savings plans and their two children's registered education savings plans.
What our expert says
Facelift asked Derek Moran, president of Smarter Financial Planning Ltd.
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