More and more millennials not only want to make a return on their investments, but an environmental or social impact too, said Jackie VanderBrug, senior vice president at U.S. Trust. 'For millennials, impact investing is really a part of their identity,' said VanderBrug. 'Millennials are conscious consumers so it is logical that they are also conscious investors.' U.S. Trust recently released its annual 'Wealth & Worth' survey of 684 high net worth individuals, those with $3 million and more in investable assets, and 72 percent of people surveyed said they have greater confidence in the private sector's ability to solve tough social and environmental issues than in the government's. It also said 60 percent believe that private money invested in public works and social programs can produce superior outcomes. 'On our platform, we see the returns of our impact investing managers exceeding those of 60 percent of their peers,' said VanderBrug. 'It is a misnomer that this is a concessionary investing philosophy.' U.S. Trust found that the use of impact investments grew by double digits over the past year among high net worth millennials and women, with the greatest one-year increase among the ultra-high net worth, 27 percent of whom now use social and environmental impact in their investing strategies, up from 9 percent in 2015. 28 percent of millennials surveyed now use impact investments, up from 17 percent a year ago, according to the survey. Another 57 percent are interested, up from 43 percent a year ago.
More from Education
Grand Canyon Education is a great "left to right" stock with a low valuation.
Let's look at how increases to a quarterly dividend payment should be scrutinized by investors as we compare the moves in three companies.
Publisher John Wiley & Sons is a small cap gem, yielding 4%.
A moving average represents the average price someone has paid to own a security or other asset over a period of time, and here's what it can tell us.