Boston, MA (PressExposure) July 07, 2011 -- Alternative Asset Analysis (AAA) is adding to calls for financial advisers to do more to inform and encourage clients in impact investing.
Alternative investment analysis and advocacy organization, AAA, has cited figures from a survey carried out by a large consulting firm, which found that 40 per cent of affluent investors said they were interested in impact investing but do not receive information about it from their financial advisers.
"These results are really quite astounding," commented AAA analysis partner Anthony Johnson. "It's clear that more people would be seen to invest in projects in developing nations if given more guidance in doing so," he added.
Some 10 per cent of the investors questioned in the survey of 4,000 wealthy individuals said they were "very interested" in impact investing, which involves funding projects by small and medium-sized businesses in the developing world. Impact investing has many high profile advocates, not least Bill Gates and Bill Clinton. They have proven that there is money to be made in the business of helping people in some of the world's poorest countries to thrive and grow through investment.
According to a report in MarketWatch, the Wall Street mantra has changed from "greed is good" to "greed can do good."
An example of a successful impact investing scheme is the Media Development Loan Fund, which has been set up to help establish successful media operations in small villages in Southeast Asia. The fund has already turned a profit and helped thousands of cut-off villagers to access news and un-bias reports. It has also helped them to educate themselves.
AAA said that a new website has been set up by two experts in the business at http://www.impactassets.org. The site features a huge range of information about impact investing and the various types of projects that benefit. "The asset managers who set up this site are overseeing some $9 billion worth of capital invested in a number of project spread over numerous countries," stated Mr Johnson.
"It's high time the world's financial advisers cottoned on to the fact that investors want different things these days and that profit and social responsibility are not mutually exclusive."