The Free Enterprise Action Fund was a mutual fund operated by Steven Milloy and Tom Borelli, with the goal of counterbalancing the activities of self-described ethical investment funds. Whereas "ethical investment" funds avoid investments in firms that are accused of damaging the environment or of other negatively regarded behaviours, the Free Enterprise Action Fund sought out such investments, based on Milloy's claim that such criticisms are typically based on political bias or junk science. The fund ceased operations in 2009 and was merged into the Congressional Effect Fund.
Read more about Free Enterprise Action Fund: Controversy, Activism Through The Fund, Financial Results
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