20 Sep Money managers team up with charities to offer ethical investment products
The Economist has an interesting piece on Impact Shares – a non-profit money manager who is developing exchange-traded funds in partnership with non-profits. Impact Shares has drawn on the expertise and experience of non-profits to determine criteria for ethical stocks around particular social justice issues. They have already partnered with American civil-rights group National Association for the Advancement of Coloured People, gender group YWCA and the UN Capital Development Fund.
This sort of partnership is undoubtedly a welcome and promising development given the growing enthusiasm for impact investment, accompanied by increasing scrutiny of the ethics of impact investment products.