“Democracy is the worst form of Government except for all those other forms that have been tried from time to time,” Sir Winston Churchill once said. January’s attack in Washington, when an armed and angry mob of Trump supporters stormed Capitol Hill and clashed with police has highlighted how fragile democracy is, even in the world’s largest and most successful economy. Meanwhile, the military coup in Myanmar shows how democracy is still a swearword in many frontier countries.

Invest on the Right Side of History
If you agree (and you may not) with Churchill, you may want to know where the revenues of the companies in your portfolio are coming from. After all, for an increasingly influential investor segment, investments must be aligned with a broader vision of prosperity that goes beyond profit. And if that segment wants more democracy in the companies it is invested in, it may want to see the degree of civil rights of the countries in which its funds are producing revenues.