Contravisory Beefs Up SRI Unit

Contravisory Investment Management has expanded its Socially Responsible Investing (SRI) division.

A news release said the Contravisory Ethical Portfolio excludes stocks of companies with a principal line of business that Contravisory feels is not compatible with a moral and ethical posture.  It restricts ownership of firms which profit specifically from liquor, tobacco, gambling, and pornography.

“The decision to expand our SRI division is based on a companywide desire to serve as socially responsible stewards for many of our clients,” said William Noonan, chief executive officer of Contravisory Investment Management. “We look forward to providing portfolio selection analysis and management that advances the practice and growth of socially responsible investing.”