Domini Social Investments
has hired Wellington Management Company for a new socially responsible fund that will focus on European companies.
The Domini European Social Equity Fund will hold at least 80 percent of its portfolio in European companies, focusing on mid- to large-capitalization companies. Domini will seek to hold companies that "contribute positively to the creation of a wealthy and healthy society," according to the fund's prospectus
The fund has a 160 basis point net operating expense, net of a 54 basis point fee waiver. Minimum investment in the fund is $2,500 or $1,500 for retirement accounts.
Steven Lydenberg, Jeff MacDonagh, and Kimberly Gladman from Domini will screen the fund, while Sylvia Han and Doris Dwyer at Wellington will subadvise the fund.
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