Zevin Views
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Zevin Views

Testifying for responsible investment in Boston

Zevin Asset Management calls for divestment from private prison companies, fossil fuels, defense companies

Pat Miguel Tomaino (left) testified on a panel of socially responsible investing experts.
  • An RBC study comparing the performance of screened SRI indices with conventional indices found that socially responsible investing does not result in lower investment returns. RBC said: “This is an important finding because it provides support to individual investors and trustees of institutional funds that they can pursue a program of socially responsible investing with the expectation that investment returns will be similar to traditional investment options.” (http://funds.rbcgam.com/_assets-custom/pdf/RBC-GAM-does-SRI-hurt-investment-returns.pdf)
  • A TIAA analysis of leading SRI equity indices in 2017 found no statistical difference in returns compared to broad market benchmarks, which, to them, suggested no systematic performance penalty for SRI. (https://www.tiaa.org/public/pdf/ri_delivering_competitive_performance.pdf)
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  2. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
  3. This communication may include opinions and forward-looking statements. All statements other than statements of historical fact are opinions and/or forward-looking statements (including words such as “believe,” “estimate,” “anticipate,” “may,” “will,” “should,” and “expect”). Although we believe that the beliefs and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such beliefs and expectations will prove to be correct. Various factors could cause actual results or performance to differ materially from those discussed in such forward-looking statements.
  4. Unless stated otherwise, any mention of specific securities or investments is for hypothetical and illustrative purposes only. Zevin Asset Management’s clients may or may not hold the securities discussed in their portfolios. Zevin Asset Management makes no representations that any of the securities discussed have been or will be profitable.

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Pat Miguel Tomaino

Socialist he/him in Boston. Significant stints & projects at @ZevinAssetMgmt , @RadioOpenSource , @1199SEIU , @EWarren , @BMOGAM_UK