Our Firm

News & Updates

The latest from us at Parnassus Investments.

Performance data is not current for archived press releases.

May 2017

Billy J. Hwan Promoted to Sole Portfolio Manager for Parnassus Asia Fund

We are pleased to announce that Billy J. Hwan was promoted to sole portfolio manager of the Parnassus Asia Fund on May 1, 2017.

April 2017

Parnassus Investments Votes to Replace Wells Fargo Risk Committee Members

Arguably the most important decisions planned for this week’s Wells Fargo shareholder meeting are whether to retain or replace members of the Board of Directors. Parnassus Investments has decided to vote against five candidates for the Wells Fargo board.

February 2017

Update on Wells Fargo

Parnassus continues to use its ownership stake to address the controversies faced by Wells Fargo.

January 2017

Parnassus Fund Team Nominated for Morningstar’s 2016 U.S. Domestic-Stock Fund Manager of the Year

Parnassus Investments is pleased to announce that the portfolio management team for the Parnassus Fund (PARNX), which includes Jerome L. Dodson, Ian Sexsmith, CFA and Robert J. Klaber, has been nominated for the Morningstar 2016 U.S. Domestic-Stock Fund Manager of the Year.

January 2017

Benjamin E. Allen Promoted to Parnassus Investments President

Parnassus Investments is pleased to announce the appointment of Benjamin E. Allen to President of the firm effective January 1, 2017.

Performance data is not current for archived news and updates.

July 2017

Kiplinger’s – Investing with a Conscience

Kiplinger’s writes that Parnassus “has dazzled investors with its returns while investing with a social conscience” in this in-depth feature about the firm, its leadership and its funds.

June 2017

Morningstar - 9 Partners for the Next Decade

Morningstar has called Parnassus Investments a “promising partner for the next decade” due to its differentiation, low cost, repeatable investment process and adaptable business model.

June 2017

Barron’s - Growth and Value Mix in a Top-Performing ESG Fund

Matthew Gershuny and Lori Keith, Portfolio Managers of the Parnassus Mid Cap Fund, discuss how they have combined “value and growth stocks to mitigate losses during market downturns”.

June 2017

IBD—High-Conviction Strategy Yields Superior Results For These Award-Winning Funds

Parnassus Fund Manager Robert Klaber discusses how high-conviction, bottom-up stock selection has benefitted the Parnassus Funds.

May 2017

Bloomberg—Top U.S. ESG Funds Find Returns in Small Caps, Tech

Four Parnassus Funds made the top 10 list in Bloomberg’s first ever ranking of funds with a sustainability bias—and the Parnassus Endeavor Fund captured the top spot. Todd C. Ahlsten, lead portfolio manager for the Parnassus Core Equity Fund, shares some of the reasons they performed so well.

Performance data is not current for archived Parnassus Fund Reports.

May 2017

Parnassus Funds Quarterly Report 03/31/17

The quarterly report for the Parnassus Funds reviews the performance for the first quarter of 2017.

February 2017

Parnassus Funds Annual Report 12/31/16

The annual report for the Parnassus Funds reviews the performance for the fourth quarter of 2016.

November 2016

Parnassus Funds Quarterly Report 9/30/16

The quarterly report for the Parnassus Funds reviews the performance for the third quarter of 2016.

July 2016

Parnassus Funds Semiannual Report 6/30/16

The quarterly report for the Parnassus Funds reviews the performance for the second quarter of 2016.

April 2016

Parnassus Funds Quarterly Report 3/31/16

The quarterly report for the Parnassus Funds reviews the performance for the first quarter of 2016.

June 2017

Semiconductors: Poised to Power the Internet to New Heights

The volume of connected data generated by society will continue to increase dramatically in the years ahead, and semiconductors will remain at the core of this growth. In this issue of The Parnassus View, Parnassus Chief Investment Officer Todd Ahlsten shares his thoughts on the direction of information technology.

November 2016

Innovative Water Management Products from Well-Managed Companies

Water management is a key area where cutting-edge products offered by skillfully managed businesses can help solve environmental problems. In this brief paper, Todd Ahlsten, CIO, discusses water shortages and quality issues, and explains why the Parnassus investment team has invested in Xylem and Pentair, two companies that sell products designed to more efficiently manage water.

Performance data is not current for archived white papers.

October 2016

Why Principles and Performance? An Interview with Parnassus Investments Founder and President Jerome Dodson

Thirty years after Parnassus Investments was established, Parnassus is both an industry leader and the largest ESG mutual fund company in America. In this interview, Jerome Dodson traces the roots of the firm and explains how Parnassus implements Principles and Performance®.

May 2016

The Links Between ESG Factors and Company Performance

ESG (environmental, social and governance) research is an integral component of the firm’s investment process, providing multiple lenses to help locate hidden business risks and opportunities that may not be apparent from traditional fundamental financial analysis alone. This issue discusses how ESG research can be grounded in responsible investing principles and, at the same time, enhance investment decisions.

Welcome to Principles and Performance©, a series of emails that will focus on the connections between ESG (environmental, social and governance) factors and company performance. Parnassus Investments has offered responsibly run investment products that aim to outperform their benchmarks for more than 30 years. Today we are the largest ESG manager in a growing industry, and our growth is being fueled by investors who increasingly seek strategies that combine principles and performance.

 

June 2017

A Letter from the Parnassus Investments President on the Paris Accord

Although the U.S. government pulled out of the Paris Accord, progress on reducing carbon emissions and developing clean energy continues through the private sector and the states.

June 2017

ESG Controversies May Indicate Widespread Company Problems

Do ESG (environmental, social and governance) issues really make a difference in investment outcomes? In this issue of Principles and Performance®, we share some insights gained from Parnassus’s 30+ years of researching companies’ ESG records.

April 2017

Information Security: A Major Risk Factor for Companies

With cybercrime on the rise, data security is both a growing business and a financial risk for companies today. In this issue of Principles and Performance®, we discuss how effective corporate leadership can both minimize the threat and limit the damage for companies.

March 2017

Pharmaceutical Pricing and Innovation: Striking a Balance

Parnassus evaluates the pricing structure of any pharmaceutical company under consideration for our portfolios. In this issue of Principles and Performance®, we focus on manufacturers’ drug pricing models, while recognizing that this is only one of many issues affecting the affordability and quality of medicine.

February 2017

Shareholder Engagement: A Seat at the Table

One important aspect of Parnassus’s ongoing ESG research and monitoring is encouraging positive change in portfolio companies through shareholder engagement. Read more in this month’s Principles and Performance®.