Investing often creates moral dilemmas
over goals: Should we aim to do well or to do good? Is it appropriate to invest
in tobacco companies? Or in companies that sell guns to drug gangs? The recent
popularity of so-called impact investment funds, which promise to deliver
decent returns while advancing social or environmental goals, is based on this
unease. Foundations often find that these investment vehicles help them to do
good both with the money that they spend on philanthropy and with the endowment
assets that yield the returns on which their philanthropy depends. Nowadays, it is emerging markets as an asset
class that should make people morally queasy. Should decent people put their
money in emerging-market bond funds? More…
No comments:
Post a Comment