Money managers and charities are offering joint investment products
Virtuous companies are rewarded and good causes gain extra money—and corporate attention
IMPACT investing, or investing according to your values, seems a nice idea. But it is hard to turn boutique products into mass-market ones without diluting their virtues. Impact Shares, a non-profit money manager, thinks it has a solution: exchange-traded funds (ETFs) developed with charities and non-profits. “Non-profits, with their long history of fighting for social causes, are much better equipped to determine good corporate citizenry than the asset managers who currently make those calls,” says Ethan Powell, its founder.
This article appeared in the Finance & economics section of the print edition under the headline “Opposites attract”
Finance & economics September 15th 2018
- America is pushing the labour market to its limits
- What the sliding lira and economy mean for Turkey’s banks
- Hyperinflation is hard to grasp, harder still to tolerate
- Colombia’s development bank has brought in private-sector discipline
- Money managers and charities are offering joint investment products
- Markets are suffering from a nasty bout of millenarianism
- As regulators circle, China’s fintech giants put the emphasis on tech
- Tariffs may well bring some high-tech manufacturing back to America
From the September 15th 2018 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful