Socially responsible investing prioritizes positive social change over financial returns, and its popularity has increased dramatically in recent years: as of January 2020, 1 of every 3 dollars under professional management uses socially responsible investment strategies. And despite the Trump administration’s efforts to roll back climate change initiatives and corporate regulations, total assets dedicated to sustainable investing grew more from 2016–2020 than in the 12 years leading up to Trump’s presidency.
Socially responsible investing is likely to continue to grow — especially with a new president in the Oval Office. This Forbes article explains why a Biden administration is good news for supporters of socially responsible investment strategies.
This article was written by Forbes, an entity unrelated to HoyleCohen, LLC. The information herein is intended for educational purposes and has been selected by HoyleCohen due to the timeliness of the subject matter.