Community Development Investment Review

December 2011
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"Impact Investing": Theory, Meet Practice

Author(s):

The loud buzz of excitement about Impact Investing is cause for concern, but not only because the enthusiasm is ahead of the practice. The practice of so-called “impact investing” lacks clarity of purpose, definition, and results. The often-referenced J.P. Morgan research report, Impact Investments: An Emerging Asset Class, suggests that the potential market for “impact investing” is “vast.” I disagree.

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