NEW YORK — Socially responsible mutual funds have grown five times faster than other funds in the past 30 years, according to Pax World Funds.

“Socially Responsible Mutual Funds in the United States: A Look Back … and Ahead,” a report compiled by the Wilmington, Del., company and Thomson Financial/Wiesenbergerld Funds, says that assets managed in the 192 socially and environmentally responsible mutual funds now available grew from $150 million in 1971 to $103 billion last year.

Assets in all mutual funds, by comparison, grew from $50.1 billion to $6.9 trillion. At this pace, socially responsible funds could rise to $278.1 billion by 2011, the report said.

Pax World, the first mutual fund company to screen companies for social and environmental factors, issued the report last week.

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