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.
About
Alternative Asset Analysis:
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.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
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MA 02109-1320
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