(GayWebSource.com – Gay News & Press Network) – Posted by Michael Lamb – Echelon Magazine
Offers investors a “new kind of socially responsible investing”:
Equality Funds, a nationally certified lesbian, gay, bisexual and transgender (LGBT) business enterprise, has announced it is launching investment products and options for those who wish to invest in LGBT-friendly businesses. They also revealed the criteria used to determine whether or not a business qualifies as LGBT-friendly, offered statistics demonstrating that investing in LGBT-friendly businesses could be quite profitable, and described how they would work with businesses that don’t yet qualify to become LGBT-friendly.
Marc Delphine, CEO & Founder of Equality Funds is a financial advisor serving his community for the past 14 years. He was inspired to launch an investment vehicle that would enable investors to support the LGBT community using corporate assessments like the Human Rights Campaign’s “Buying for Equality Guide,” an annual publication that gives supporters of the community the opportunity to determine whether or not a company is LGBT-friendly.
Delphine said, “Our research has clearly indicated that those companies which have been considered LGBT-friendly, over the past 10 years, have historically outperformed the market overall.”
Equality Funds’ investment portfolio is managed by James Cornehlsen, CFA of Dunn Warren Investment Advisors and screened by criteria that include a number of factors like policies and procedures banning workplace discrimination, same-sex partner benefits and community outreach.
“We want to offer our clients the opportunity to invest in something that not only could produce a higher rate of return but also one that aligns with the values of diversity, fairness and equality,” added Jill Nelson, Chief Talent & Diversity Officer. “Whether or not you are a member of the community, the emphasis on companies which value their people is one that has a recipe for success – a new kind of socially responsible investing.”
The post Equality Funds: investing in LGBT-friendly businesses appeared first on Echelon Magazine: LGBT Business, LGBT Money.
Media Provided by the GayWebSource.com – Gay News & Press Network.
To republish this post please visit Equality Funds: investing in LGBT-friendly businesses