Jean-Pascal Tricoire, CEO of Schneider, which is invested in a solar finance company. AFP PHOTO/ERIC PIERMONT
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So-called impact investing, which aims to provide a tangible social benefit as well as a financial return, is excelling at improving lives, even if the monetary returns are softening, according to analysis of 82 large investors.The study, conducted by the Global Impact Investment Network and JPMorgan, the bank, did not outline exactly what the financial returns had been.The respondents, which include fund managers, foundations and development finance institutions, manage $60bn of impact investment between them, two-thirds of which is on behalf of third-party clients.Housing and financial services (including microfinance) each accounted for more than a quarter of the impact investments made so far, the study found.Around half of the existing investments were made in emerging markets, with a further 40 per cent in North America.
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