Forget socially conscious investing--so twentieth century. The smart money these days is in terror-free investing, which screens out "companies that do business in Iran, Syria, Sudan, or North Korea." Now independent investment firm Morningstar tells us that the Abacus Bull Moose Growth Fund--the world's first terror-free mutual fund, according to the Washington Times--has changed its name to the Roosevelt Anti-Terror Multi-Cap Fund (investment objective: long-term capital appreciation).
No clue about the reasoning behind the switch, which Morningstar's Fund Times calls "one of the most remarkable name changes in fund history." (The link to Bull Moose/Roosevelt has been broken every time I've tried it. Update 3:13 p.m.: link is fixed now.) Students of U.S. history will remember that in 1912 Theodore Roosevelt, declaring himself "fit as a bull moose" to run for president again, broke away from the Republican Party and formed the newly formed Progressive Party, which was promptly nicknamed the Bull Moose Party. Roosevelt subsequently lost to Woodrow Wilson. One wonders whether Abacus had ever considered "Progressive" for its new moniker. Nah, probably not.
Morningstar and other analysts have been bullish on Bull Moose, which has had a three-year average return of about 14½ percent. Too soon to tell whether they'll speak softly about Roosevelt or wield a big stick.