Impact investments among Fidelity donor-advised fund holders have more than doubled in the past year, the firm says.
Fidelity Charitable reported Tuesday that its donor-advised fund account holders had increased the assets invested for impact to $856 million at the end of the first quarter, a 110% year-over-year increase.
The firm also announced that it has added more impact investing options for DAF account holders.
Impact investors are part of the surging trend of purposefully making investments that help achieve certain social and environmental benefits while generating financial returns.
In a new study of affluent, charitably minded investors, Fidelity found that 77% of millennial and 72% of Gen X donors had made some type of impact investment, compared with only 30% of baby boomers and older donors who had done so.
www.thinkadvisor.com
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