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0845
641 0674
Garnett
Bridge
Kendal
LA8 9AZ |
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Ethical Money High Social Impact Fund - launch proposal
25-11-2008
The idea of using money to 'make a difference' is attractive to many investors. After all, philanthropists are prepared to give their money away to achieve a social return; whilst we would argue that social investments have the capacity to make a more lasting and significant impact. However, accessing such investments has historically been problematic, with time-limited share issues, a lack of liquidity, high minimum investments and the length of time needed to assess each opportunity. Against this background, Ethical Money is proposing to launch a fund managed by social investment specialists, Investing For Good.
The proposal takes the form of an Isle of Man fund for experienced investors that invests in funds and direct bond issues that make a high social impact whilst also offering the prospect of decent financial returns. The fund will target an IRR of 8-10% before charges and will focus on investments such as microfinance, sustainable forestry, social property, services for the poor and environmental technology. By retaining 10% in cash the fund provides some liquidity for emergency withdrawals, and the spread of investments also helps to reduce the risk associated with any one investment. Importantly the fund relieves the intermediary or investment manager of the burden of assessing many different opportunities, whilst building in an introduction commission for intermediaries.
The fund managers, Investing For Good, have built a proprietary database of high social impact opportunities and are well placed to source attractive deals on an ongoing basis. They have also developed a systematic and disciplined reporting system that appraises the social impact of each investment in a consistent manner.
Ethical Money is acting as promoter on the fund and we are in the process of quantifying the level of support for the fund before launching so expressions of interest should be made to us to make this happen!
Click here for related document.
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