BlackRock says it has more than $800 million for new impact fund
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"We're thinking about the trillions of gross domestic product that could be unlocked by closing the racial equity wealth gap. A lot of those opportunities have been overlooked," she said.
So far about
Initial investors include the investment arms or foundations of companies such as Costco Wholesale Corp (COST) and PayPal Holdings Inc (PYPL), BlackRock (BLK) said.
U.S. impact funds held
The tallies cover funds whose prospectuses spell out goals such as on social or environmental matters.
(Reporting by Ross Kerber
Editing by