A pension fund manager who decided to move money out of an index fund and into a socially responsible fund is ________.

Question

Quizplus · Accepted Answer

Moving money out of an index fund and into a socially responsible fund without a justifiable reason could violate the prudent investor rule, which requires investors to make investment decisions that are in the best interest of their beneficiaries. It is important for pension fund managers to consider financial performance and risk factors before making such a decision.

A Pension Fund Manager Who Decided to Move Money Out