Tobacco-free investing

Article Abstract:

Fifty-three mutual funds have been joined the American Medical Association (AMA) Coalition for Tobacco-free Investments and been listed as funds that allow investors to be sure that their money does not go to tobacco companies. A 1996 AMA analysis revealed that 1,474 of about 7,000 publicly traded mutual funds contained tobacco firm stocks. The funds certified by the AMA must contain no tobacco stock and pledge to purchase no tobacco stocks in the future.

Tobacco farms, Tobacco, Tobacco Farming, Editorial, Management, Economic policy, Ethical aspects, Securities, Mutual funds, Tobacco industry, Socially responsible investments

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AMA launches Coalition for Tobacco-free Investments

Article Abstract:

The American Medical Association's (AMA) Coalition for Tobacco-free Investments is a group of 53 mutual funds that have pledged not to purchase tobacco securities. Coalition members include the American Hospital Association Investment Program and Stein Roe's Young Investor Fund. The AMA divested all of the organization's tobacco stocks in 1986, one of several such divestments by medical groups in the 1980s.

TOBACCO PRODUCTS, Tobacco Manufacturing, Economic aspects, Social policy, Antismoking movement

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