They don't just want to grow their money: Many Millennials want to achieve social and environmental goals through their investments. It's called "impact investing" and it's not just a buzz word."
Impact investing is hitting the mainstream," says Jackie VanderBrug, investment strategist at U.S. Trust, a division of Bank of America (BAC). "We're hitting a tipping point."VanderBrug knows. She and her team at U.S. Trust recently surveyed 684 individuals with investable assets worth $3 million or more. Among the millionaires, dozens were Millennials between the ages of 18 and 35.
The overwhelming majority of Millennials surveyed 93% believe that a company's social and environmental impact is key to their investing decisions. That's up from 74% two years ago, according to the U.S. Trust study.
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Monday, 30 May 2016
CAPITAL STROKE UPDATE : US MARKETS 31-May-2016
22:52
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