It's hard to hear the name Roosevelt Anti-Terror Multi-Cap and not think gimmick. Yet the fund has performed terrifically during its five and one-half years of existence, and its name just might reflect the next big thing in socially motivated investing.
In this context, anti-terror means shunning companies that conduct business with or in Iran, North Korea, Sudan or Syria -- nations that the U.S. considers abettors of terrorism. It's an idea that's catching on with pension funds and state governments across the country. Among the U.S. companies that have subsidiaries with ties to Iran, for example, is General Electric.
Roosevelt Investment Group, a New York City firm, started Bull Moose Growth in late 2001. Roosevelt president Adam Sheer says the firm changed the fund's name and focus in 2006 after some clients asked about terror-free investing (and because many didn't get the "bull moose" reference to Theodore Roosevelt's independent political party).
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Results have been anything but terrifying. Over the past five years to July 2, the fund (symbol BULLX) returned 16% annualized. That beats Standard & Poor's 500-stock index by an average of six percentage points per year.
Sheer says he looks for long-term trends that are not reflected in current stock prices. He then seeks firms of any size that fit the trend and aren't overvalued. One key force he sees today is steadily rising food prices. His favorite agriculture plays include Deere, Monsanto and Potash Corp. of Saskatchewan.
With only $20 million in assets, Roosevelt Anti-Terror has a lot of flexibility. Given its good returns, low minimum ($1,000), fair expenses (1.28% a year) and, of course, the anti-terrorism hook, it may not stay small for long.
-
Stock Market Today: The Dow Adds 15 Points To End Its Losing StreakEquity indexes opened higher but drifted lower as markets priced in new Fed forecasts.
-
What Is a Qualified Charitable Distribution (QCD)?Tax Breaks A QCD can lower your tax bill while meeting your charitable giving goals in retirement. Here’s how.
-
Best Banks for High-Net-Worth Clients 2024wealth management These banks welcome customers who keep high balances in deposit and investment accounts, showering them with fee breaks and access to financial-planning services.
-
Stock Market Holidays in 2024 and 2025: NYSE, NASDAQ and Wall Street HolidaysMarkets When are the stock market holidays? Here, we look at which days the NYSE, Nasdaq and bond markets are off in 2024 and 2025.
-
Stock Market Trading Hours: What Time Is the Stock Market Open Today?Markets When does the market open? While the stock market does have regular hours, trading doesn't necessarily stop when the major exchanges close.
-
Bogleheads Stay the CourseBears and market volatility don’t scare these die-hard Vanguard investors.
-
The Current I-Bond Rate Until May Is Mildly Attractive. Here's Why.Investing for Income The current I-bond rate is active until November 2024 and presents an attractive value, if not as attractive as in the recent past.
-
What Are I-Bonds? Inflation Made Them Popular. What Now?savings bonds Inflation has made Series I savings bonds, known as I-bonds, enormously popular with risk-averse investors. So how do they work?
-
This New Sustainable ETF’s Pitch? Give Back Profits.investing Newday’s ETF partners with UNICEF and other groups.
-
As the Market Falls, New Retirees Need a Planretirement If you’re in the early stages of your retirement, you’re likely in a rough spot watching your portfolio shrink. We have some strategies to make the best of things.
