Millennials look to make a social impact with their investing dollar, study finds – CNBC

Written by Jill Cornfield

Many young investors are realizing that they can make a difference in the world with their investing dollars.

The way you can do this, generally speaking, is by putting your money into funds that are “socially responsible.” Those funds would either include companies doing some good in the world and/or avoid those engaging in activities that can be harmful, such as heavy pollution or tobacco and firearms production.

Scrutinizing companies for their social responsibility is now a mainstream investing trend, and record amounts of cash are flowing into these funds.

Younger investors are especially attuned. Almost two-thirds of American millennials are highly interested — not just simply interested — in sustainable investing, according to a UBS Investor Watch study.

Read more here.

By Jessica Yap-Chung
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