The rise of social impact investment funds

An interesting bit about impact investment funds from the WSJ:

Only a small number of donor-advised funds also have social impact investment screens or goals, but they are attracting more interest. For example, the socially responsible pool within Schwab Charitable, the second-largest national donor-advised fund by assets after Fidelity Charitable, has more than tripled to $7.5 million since its introduction in 2009. The pool is invested in the Parnassus Equity Income Fund (PRBLX).

More here.

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