SPRINGFIELD, MA, October 19, 2009 — Social(k), the nation's most diverse socially responsible (SRI) retirement platform, has now added the tobacco-free AHA Investments Funds to its roster of more than 150 socially responsible investment (SRI) funds in addition to 25 faith-based and 4000 traditional funds (most other retirement plans only offer one or two SRI funds). While several funds include tobacco in their social screens, the AHA Investment Funds are the first exclusively non-tobacco funds on the platform.
The AHA Investment Funds are a series of the CNI Charter Funds and are sponsored by the American Hospital Association (AHA. The Funds started in 1988 as a means to provide hospitals with tobacco-free investment opportunities and were opened to the general public in 2004. There are now five different investment options that are offered as part of the AHA Investment Funds ranging from conservative fixed income to all equity funds. For example, the AHA Socially Responsible Equity Fund incorporates both hard and social responsibility screening.
“With the addition of the AHA Investment Funds, Social(k) is expanding its offering of the nation's most broad selection of screened funds available on a retirement platform,” said Rob Thomas, president of Social(k). “Indeed, hospitals using the AHA Investment funds in endowments can now offer those same funds to employees!”
“We are excited about working with Social(k) to expand our reach to the millions of people interested in both tobacco-free and environmentally friendly retirement investing,” stated Chicago, IL-based Tim Solberg, AHA Investment Funds chief investment officer.