Bonds for the better

Australia's first social investment bond has offered its investors an initial yield of 7.5% ... It's a great start, but where does ‘impact investing' go from here?

Summary: The Australian impact investing market is still fragmented and immature. The market faces several challenges including illiquid and unproven products, an absence of large scale opportunities, the difficulty of measuring social outcomes and super funds’ legal obligations to beneficiaries. Both governments and philanthropically minded investors can help address these issues.

Key take-out: The capital flows into impact investing are potentially huge, but it could take another decade or two for demand for capital to fully respond to increased supply.



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