These New Funds Let You Invest According To Your Values

Nonprofit start-up Impact Shares is launching a handful of new ETFs (Exchange Traded Funds) for retail investors with a focus on gender and racial equity. The fund aims to make impact investment more accessible to more investors, with an emphasis on the social component of “ESG” (environmental, social and governance) criteria.

 

Two of the new funds are endorsed by the YWCA and the NAACP, which focus on companies that consistently earn high grades on treatment of women and African-Americans, and also give back to the nonprofits themselves. This article discusses how Impact Shares scores companies on impact performance, how it developed partnerships with nonprofits, and how these kinds of partnerships can generate revenue for nonprofits.

 

The Rockefeller Foundation awarded Impact Shares a $300,000 grant last year toward start up costs.