FYI: Bonds are now lending philanthropy a hand.
Nonprofits and corporations are creating bonds and bondlike instruments that combat some of society’s biggest challenges and that yield returns for investors who want to assist such social causes as health care, housing and education.
The bonds fall into two categories: impact bonds, whose returns aren’t fixed but instead tend to be determined by the outcome of each project in question; and social bonds, which, like another recent invention, green bonds, are structured like regular bonds, with a fixed rate of return. The market for social bonds is still tiny, and for impact bonds tinier still. But amid growing interest, assets have risen more than fivefold in just three years.
Regards,
Ted
https://www.wsj.com/articles/bonds-that-do-goodand-maybe-well-11569204422?mod=md_mf_news
