Fundi mutual fund divests from Wal-Mart
The Timothy Plan, "the largest pro-life, pro-family, Biblically based mutual fund group, employing a specific moral screening criteria designed to avoid investing shareholders' money in any company that has a pattern of contributing to the moral degradation of society," has divested its portfolio of Wal-Mart stock over the retail chain's "anti-family promotion of pornography." Specifically the fund group is angry that Wal-Mart stocks "pornographic magazines" like Cosmopolitan in checkout lanes. I guess these folks won't be investing in the upcoming Daze Reader IPO.
