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Tue, 09/20/2005 - 13:00 | by admin
September 20, 2005
DOMINI HIRES NEW SRI PORTFOLIO MANAGER
Socially Responsible Investment Firm Welcomes Jeff MacDonagh
New York, NY – Domini Social Investments, a leading manager of mutual funds for socially re sponsible investors, has named Jeffrey T.S. MacDonagh, CFA, its new SRI Portfolio Manager. He joins the in-house team that applies social and environmental standards to the company’s new Domini European Social Equity Fund.
“I am pleased to be joining Domini as a member of the research team,” said Mr. MacDonagh. “The Domini European Social Equity Fund offers an exciting opportunity for Domini and U.S. investors to invest in an economic region where corporations are embracing the challenge of sustainable growth.”
Before joining Domini, Mr. MacDonagh was an assistant portfolio manager at Loring, Wolcott & Coolidge Fiduciary Advisors, where his responsibilities included portfolio management, screening for social investments, proxy voting, and community development investing. Previously he was a social investment researcher at KLD Research & Analytics, Inc. He is a member of the Social Investment Research Analyst Network and of the Steering Committee of the Social Investment Forum’s Community Investments Program.
Mr. MacDonagh holds a B.S. in mathematics, physics, and philosophy from the University of Wisconsin-Madison, and an M.S. in technology policy and an M.S. in environmental planning from the Massachusetts Institute of Technology. He holds the Chartered Financial Analyst designation.
About Domini Social Investments
Domini Social Investments manages more than $1.8 billion in assets for individual and institutional mutual fund investors seeking to create positive change in society by integrating social and environmental criteria into their investment decisions. Its flagship fund, the Domini Social Equity Fund (NASDQ: DSEFX), is the first and largest index fund to use social, environmental, and corporate governance standards. The Fund seeks to include companies with positive records in community involvement, the environment, diversity, and employee relations, and excludes companies deriving significant revenues from alcohol, tobacco, gambling, nuclear power, and weapons contracting.
Each investor should consider the Domini Funds’ investment objectives, risks, charges, and expenses carefully before investing. Obtain a copy of each Fund’s current prospectus for more complete information on these and other topics by calling 1-800-762-6814 or at www.domini.com . Please read the prospectus carefully before investing or sending money.
Past performance is no guarantee of future results. The Domini Funds are subject to market risks and are not insured. Investment r eturn, principal value, and yield will fluctuate so that an investor’s shares when redeemed may be worth more or less than their original cost. You may lose money.
Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing securities regulations and accounting standards, limited public information, possible changes in taxa tion, and periods of illiquidity. DSIL Investment Services LLC (DSILD), Distributor. 09/05