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Cornerstone Launches Impact Fund
Editorial Staff
4 December 2019
Cornerstone Capital Group, a New York-based registered investment advisor, has launched an impact fund, playing to a trend in portfolio management that continues to be a wealth industry talking point. The Access Impact Fund is aimed at investors who want “competitive financial returns and positive impact”. The fund is designed to deliver long-term capital appreciation, the RIA said in a statement today. Tapping into large-, medium- and small-cap areas, the fund divides its assets among a range of investment managers whose strategies stress particular topics and/or use environmental, social and governance criteria to pick areas to invest in. This publication has interviewed Cornerstone about its ESG investment ideas here.
The fund allocates money across areas such as health, wellness and education; climate and clean energy; innovation and economic opportunity; reduced inequalities and social justice; data-driven solutions; and the circular economy. These themes gel with the United Nations’ Sustainable Development Goals, as set out in 2015.
Investors must put at least $1,000 into the fund.