Bonds With Social Impact With Five-star Fund Manager Stephen Liberatore

Socially responsible investing has taken off and interest in it is accelerating.  As we’ve reported before on WEALTHTRACK, U.S assets invested in companies screened for ESG, or their environmental, social and governance policies grew 38% from 2016-2018 by more than $3 trillion to $12 trillion dollars.  According to U.S. SIF, or the Forum for Sustainable and Responsible Investment, which tracks these funds, that $12 trillion represents 26% or one in four dollars of the $46.6 trillion of U.S. assets under professional management. This week’s guest is a leader in the relatively recent field of fixed income ESG investing, as well as the new area of impact investing in public fixed income markets, where bond proceeds are directed to a specific project or goal and the results are measurable. He is Stephen Liberatore, lead portfolio manager at TIAA Investments for responsible investment fixed income mandates that incorporate ESG criteria. Liberatore will discuss what he looks for as a socially responsible bond investor in a field that has traditionally been dominated by equity investors. WEALTHTRACK #1618 broadcast on November 1, 2019 Learn more: https://wealthtrack.com/bonds-with-social-impact-with-five-star-fund-manager-stephen-liberatore/