Adding a new wrinkle to socially responsible investing, KeyCorp has teamed up with a minority-owned investment firm to launch the first mutual fund designed to appeal to African-Americans.

The Victory Lakefront Fund will seek to persuade the blue-chip companies in which it invests to make diversity a top corporate priority. That makes it different from other funds that support social issues, as they typically invest only in companies that already demonstrate a commitment to their cause.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.