Dems get a mutual fund to call their own
The Blue Fund will allow individuals to invest in progressive companies that both 'give blue' and 'act blue.'

NEW YORK (CNNMoney.com) - Democrats who love to play the stock market now have a chance to really toe the party line.

Blue Investment Management said it plans offer its Blue Fund, which invests only in companies that give the majority of their political contributions to Democratic candidates and adhere to progressive values, the company announced in a SEC filing earlier this week.

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"The Democratic investor with a political conscience has until now had no opportunity to put investment dollars to work in a politically focused way," the company wrote in its prospectus.

Among the 75 different companies included in the Blue Fund are eBay (Charts), Apple (Charts), Liz Claiborne (Charts), Lehman Brothers (Charts), North Fork Bank (Charts) and Starwood Hotels (Charts).

As part of its vetting process, Blue Investment Management said it will ensure that a company "gives blue" by monitoring political contributions made to candidates and political action committees by the company itself, and by its top three senior executive officers.

Companies included in the mutual fund will also have to "act blue," according to Blue Investment Management, meaning they would have to employ business practices that respect human rights, work towards environmental sustainability and avoid dealing with such harmful products as tobacco and firearms.

Blue Investment Management warned in its filing that since it also has a political agenda, it may not perform as well as other index funds. The company also said it would sell or avoid a well-performing stock simply because it does not meet the "give blue" or "act blue" requirements.

Daniel de Faro Adamson, the chief executive officer and co-founder of the Blue Fund, will serve as the fund's portfolio manager.

No public offering date has been set for the Blue Fund as it awaits SEC approval.

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Related: PIMCO braces for dollar decline. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.