October 6, 2010 | Read Time: 1 minute
San Francisco
The Global Impact 50 index, a new effort announced here at the Social Capital Markets conference, will bring together the leading managers of funds that seek both a financial return and a social or environmental benefit.
The index—a project of the Calvert and Cordes Foundations and Giving Assets, with financial support from the Rockefeller Foundation—will be an important step in raising public awareness of social investing, Ron D. Cordes, co-chairman of Genworth Financial Wealth Management and founder of the Cordes Foundation, told conference participants.
“The people in this room are clearly changing the rules of the game,” he said. “The problem is that people outside this room are barely aware that a game is being played. And of those few who are aware, they’re not aware of who the players are, what the rules are, or where the playing field is even located.”
The index is part of a broader effort by the organizations to build a comprehensive system to attract $2-billion of new capital in the next five years to investments that promote the social good.
Fund managers who wish to be considered for the index must indicate their interest by early December and complete the application by mid-January. The 2010 Global Impact 50 list is scheduled to be announced at the end of March.
See more coverage from the Social Capital Markets 2010 conference on our Conference Notebook blog.
