Ignites: Impact Investing Rating Expands to Mutual Funds
By Carmen Germaine
A firm that evaluates impact investments recently began grading mutual funds, beginning with a rating for Community Capital Management’s $2.1 billion CRA Qualified Investment Fund.
The firm, Aeris Insight, assesses funds’ pursuit of impact goals and has provided its Impact Management Ratings to community development financial institutions and private funds since 2004. However, the firm has not previously given such ratings to mutual funds.
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