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Home > Financial Services > Stock Brokers > Parnassus Investments
Parnassus Investments
Parnassus Investments is a member of NASD, the National Association of Securities Dealers. NASD is a self regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
The Parnassus Investments was founded in 1984. The fund invests in companies of any size, from smaller firms to larger, well-established firms and looks to invest in companies that are undervalued, but have strong financial prospects. The portfolio manager can change the composition of the portfolio between smaller, medium and larger companies depending on his view of the economic environment and the markets, with the goal of long-term growth of capital.
The company uses a contrarian investment strategy, investing in stocks that are out of favor with the financial community and are, therefore, undervalued. The fund looks for companies whose financial strength and resilience suggest that their stock is likely to increase in value over time. While all mutual fund companies look for investments that have potential for strong future earnings. In general, they looks for companies that respect the environment treat their employees well, have effective equal employment opportunity policies, good community relations and ethical business dealings.
The Parnassus Mutual Funds offer seven mutual funds suited for various investment objectives. It also gives five stock funds and two bond funds. The Parnassus Fund,Mid Cap Fund, Parnassus Workplace Fund, Parnassus Equity Income Fund, Fixed Income Fund, California Tax Exempt Fund.
The firm will not invest in companies that manufacture alcohol, tobacco or weapons. Also screened out are companies involved with gambling or those that generate electricity from nuclear power. Their Investments serves the growing community of investors who believe their assets should be chosen with a conscience as well as financial savvy.
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