YES … according to this article. But be sure to read to the end of this posting before you mail in a check.
Democrats score bigger returns new data shows | Reuters.com
According to research released on Tuesday, so-called "blue" companies that fund Democrats and also meet certain ethical requirements topped both the broader stock market and "red" companies that favor Republicans in the last five years.
This means a company’s political leanings could forecast performance as much as more traditional indicators such as price to earnings ratios, executives at New York-based money manager Blue Investment Management fund.
The "Blue Large Cap Index," which includes digital music device and personal computer maker Apple Computer Inc. (AAPL.O: Quote, Profile, Research) and coffee shop chain Starbucks Corp. (SBUX.O: Quote, Profile, Research) outperformed the market by 13.1 percent and "red" companies by 15.6 percent annually over the past five years, the researchers said.
"There is a myth in America that Republicans are both better for business and at business and I disagree on both counts," Daniel de Faro Adamson, co-founder and CEO of Blue Investment Management, told Reuters.
"Just as Democrats in the White House have a longer-run view on economic success, our data show that Democrats in the boardroom who use progressive leadership techniques are better able to create long-term shareholder value," he said.
Next week the firm, created on a car trip last summer, will launch the first ever mutual funds to focus on Democratic values, putting the firm’s research to a live test.
Anyone who bases their investments decisions on who companies make political donations to (and "also meet certain ethical requirements") needs a serious reality check. HINT: Think data fishing. I’m glad the two funds seed money of one million dollars is coming from the founders pockets.
On the other hand I have some Democratic firends who will probably think this is a grand idea. "Let the buyer beware…"
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