For far too long, there haven’t been many good options for Americans who want to do well by doing good with their investment dollars.
An entire industry has emerged to counsel investors on stocks to avoid, based on certain criteria: companies that don’t have diverse workforces, or those with objectionable business models, like private prisons or for-profit colleges. But for many investors, that’s weak sauce: indirect at best, suspect at worse, and, in the end, unlikely to make much meaningful difference.
The solution may lie in an innovative new strategy that directly matches investor money to places that need capital, via the municipal bond market.
The strategy, known as…