Leading fixed income impact investment management firm, Community Capital Management (CCM), has announced that it has invested $4 million on behalf of GIVE (AdvisorShares Global Echo ETF), in a move welcomed by AAA.
Boston, MA, USA, November 23, 2012 — Leading fixed income impact investment management firm, Community Capital Management (CCM), has announced that it has invested $4 million on behalf of GIVE (AdvisorShares Global Echo ETF), in a move welcomed by Alternative Asset Analysis (AAA).
AAA, an alternative investment advocacy group, claims that the investment from GIVE further helps to promote the benefits of impact investing to all kinds of investors who want to see returns while helping vulnerable communities. GIVE was established in May and intends to deliver long-term returns through responsible, sustainable investments.
Various projects have benefited from the investment so far. “It’s great to be able to learn about where this cash is going – the more people know about the benefits of impact investing, the more popular it will become,” stated Anthony Johnson, AAA’s analysis partner.
One of the investments made by CCM on GIFT’s behalf took the form of funding for a 400,000 square foot retail/residential development in Maryland. The project will focus on attracting cyclists and pedestrians and will create 235 new apartments, as well as 60,000 square feet of retail space.
Another project funded by GIFT is the Hidden Creek Apartment in Crescent City, California, which will create low income housing. The homes will incorporate eco-friendly and energy efficient features.
CCM’s senior portfolio manager, Barbara VanScoy, said that they too were very happy that more people are growing interested in impact investing. She said, “We are thrilled that the field of impact investing is expanding with new products like GIVE and that we can be a part of it.”
AAA supports a range of ethical, sustainable and environmentally responsible asset classes. Mr Johnson explained, “We have noticed that, in the wake of the financial crisis, more and more investors are keen to put their cash into philanthropic projects or at least ensure their investments won’t be having a negative impact on anyone.”
AAA supports sustainable forestry projects like those run by Greenwood Management and others in Brazil.
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The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
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