The
Free Enterprise Action Fund was a conservative response to the growth of investment management companies offering socially responsible investment options (such as the
iShares MSCI USA ESG Select ETF, which only invests in companies that operate in socially and environmentally responsible ways).
The Free Enterprise Action Fund instead sought to invest specifically in companies that did
not attempt to engage in socially responsible corporate governance. It also sought to use its voting shares in various companies to
"aggressively [challenge] liberal CEOs who threaten conservative and libertarian values."Examples of this activism
included...
The market was not kind to the fund. It underperformed the S&P 500 throughout its existence before ceasing operations in mid-2009.
Poll
