Taking in cash in 2001 was not an impossible task. Calvert, known for socially responsible investing, took in more than $2 billion in 2001 despite the tough market for funds. The bulk of the inflows came from the firm's bond funds, but even the Calvert equity funds showed positive flows.

Sales of the firm's equity funds rose 11 percent in 2001 from 2000 and its sales of variable annuity products grew by 35 percent. But even brighter were the firm's bond fund sales which more than doubled from 2000.

The fund firm also is trumpeting its relatively small redemption rate which grew by 10 percent over the year.

"2001 was a challenging year for the investment management business," said Barbara J. Krumsiek, president and ceo of Calvert. "We are very proud that we have continued to serve shareholders well, in the face of weaker markets, a slowing economy and national tragedy."

Calvert offered a number of funds which managed to eke out gains, small or otherwise, even as the major indices fell. The firm also undertook a marketing campaign aimed at financial advisors and intermediaries which included a new logo and tag line. As part of the campaign Calvert also overhauled its and redesigned its Web site. 

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