BoardIQ: Directors Ask: How Big an Impact do Impact Funds Make?
By Whitney Curry Wimbish
Impact investment researcher Aeris Insight is assessing socially responsible mutual funds for the first time and whether they live up to their environmental, governance or societal goals.
The move highlights an area that independent directors have long struggled with when it comes to ESG funds, which go by many names, including impact funds, socially responsible funds and green funds. While it can be easy to assess that type of product’s portfolio performance like any other type of mutual fund, the same cannot be said of assessing whether they do, in fact, make an impact.
Read the full story at boardiq.com. (Subscription required)