Investing Money for Social Change? Ya Gotta Love It
Investing money in social justice and ethical business practices seems
to be catching on in Canada, according to the latest reports the two
newly created mutual funds.
The new Real Assets Social Impact Balanced and Social Leader funds,
which launched September 16, have been well received and have now
attracted more than $25 million in their first month.
This is an extremely strong showing for new funds, and given that most
social investment advisors and investors have yet to hear of the launch
I anticipate continued strong uptake. So more is better.
If you are looking for the unit values of the new funds you can now
find them in the Financial Post, Globe and Mail, or on
www.globefund.com and search for Real Assets. And of course on
www.realassets.ca, which will be sporting a new, look in the near
Equity markets have come through the often weak September period with
only very modest losses this year, and the quarterly earnings seasons
seems off to a fairly positive start with the likes of chip giant Intel
beating estimates, among others. And we thought tech was dead!
Since the November through April season is historically and
statistically the strongest season for equities (most years) this would
be a good time to review your holdings.
I'll be sending out a longer e-letter on my return to look at current
trends in social investing and the status of some of the ongoing
shareholder campaigns we are involved in; and perhaps a sneak preview
of Deb's new book Global Profit and Global Justice: Using your Money to
Change the World.
Perry Abbey is an
investment advisor at United Capital Securities, a Working Enterprises
company. Helping individuals and organizations harmonize their money
with their values and leverage capital for change.