The difference between Impact Investing and Ethical Investing

My wife asked an interesting question this morning: “What is the difference between impact investing and ethical investing?” Putting it into words was really good to get absolute clarity for myself. And just to be clear, this is no official explanation, just my own personal thoughts. The difference seems to come back to the order of consideration. Ethical Investing While there is a huge range of ethical investment options, in general terms the main implementation seems to be a negative filter that limits the possible investment horizon. So a fund that invests in listed equities will still invest in…

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