As differentiated products, they can justify higher fees, offsetting lower revenue from broad-indexed funds — which are now virtually free.
“Half a trillion dollars in impact investing assets is a sizable amount,” says Sapna Shah, director of strategy at the GIIN.
The company intends to use the funds to accelerate its growth — including investing in its technology, expanding into new product categories, and working with women to develop new, non-boring financial education.
The office, which opens this week, will support the association’s growing membership and government affairs work in the United States.
During equity market rallies, convertible bonds still give investors upside, but crucially, in a downturn, they provide an element of protection against equity-related risk.