12 October 2006

Blue Is Green

Why Democratic-leaning companies outperform Republican-leaning ones.




On the campaign trail, Democrats are loudly claiming that they can outperform Republicans in Washington when it comes to policy. Now they're making the same claim about mutual-fund investing.

As Moneybox reported in May, the Free Enterprise Action Fund, a tiny mutual fund run by lobbyists, uses stock ownership to push policies associated with the Republican Party. Through the first nine months of this year, it was up 5.59 percent, lagging the 8.53-percent gain for the Standard & Poor's 500. Starting next week, The Blue Fund will try to demonstrate that Democratic principles aren't simply better for the country—they're better for investors.

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