Why interest in ‘impact investing’ is taking hold GlobeInvestor
Schroder PLC’s recent acquisition of a majority stake in BlueOrchard Finance Ltd. could be a sign of things to come as more asset-management firms look to move into impact investing.For many Canadians, it’s important that their investments reflect their personal values. A first step may be to avoid investing in companies whose business they see as unethical, such as weapons manufacturers, tobacco and fossil-fuel companies. But an increasing number of people are looking to go further.
“Many of my clients are shopping carefully, looking at where and under what conditions their clothes are made, buying organic produce and fair-trade coffee,” says Sucheta Rajagopal, investment advisor and portfolio manager at Mackie Research Capital Corp. in Toronto. “They want their investment portfolios to reflect those concerns.”Ms.
As part of her socially responsible approach, Ms. Rajagopal offers clients a variety of impact investing options. It’s part of a growing trend. The Responsible Investment Association’s , published this past February, reveals that assets under management in impact investing in Canada grew to $14.75-billion as of year-end 2017 – up by 81 per cent from $8.15-billion two years earlier.
“The business case for doing it is quite clear,” he says. “A company is more than just the numbers, so investors need to look beyond the financials to see how well a company is managed. Looking at a company’s performance on environmental, social and governance issues can help to identify risks and opportunities that may not be visible in conventional financial metrics.
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