Great article, sets a super perspective for how social impact investing has grown over the last few years & how orgs like JPMorgan are managing funds like this now too!
So, who needs more evidence that these things are REAL & that it’s time for Savannah, Georgia & local investments to be done this way?
Maybe even a new approach for affordable housing, mentioned in this article!
(CNNMoney) — Want to make money while helping the people around you? Impact investing may have the answer.
Funds that promise to put money to work for the good of society are growing fast, as investors look for alternatives to traditional assets.
So how does it work? Individuals invest in funds or organizations with a specific social or environmental purpose, such as building schools, hospitals or affordable housing – and they’re rewarded with a financial return.
Fund managers say the unique selling point of this kind of investing is an intentional, measurable social benefit. This sets impact investing apart from its older cousins — ethical or socially responsible investing, which try to avoid doing harm by excluding tobacco or arms companies from their portfolios.
And it appears to be catching on.
Investment bank JPMorgan, which runs several funds dedicated to social causes, says its clients were clueless about impact investing…
View original post 392 more words