Health & Fitness
Think Green Investing for Earth Day, April 22
Add some extra "green" to your college savings strategy with a socially targeted investment portfolio
This month, many will observe the 44th anniversary of Earth Day, a day to celebrate and emphasize the protection of the Earth and its natural resources. One might think that saving for college and saving the planet don’t have much in common. But thanks to the socially-responsible investing movement, green-minded savers can help their social consciences as well as generate investment returns.
Also known as “sustainable,” “green” and “ethical” investing, the concept is gaining popularity. In fact, U.S. investments in funds that favor environmental, social and governance (ESG) criteria grew to $3.74 trillion in 2012.
Virginia529 inVEST has offered the Socially Targeted Investment Portfolio since 2009. Parnassus Investments, manager of the fund, seeks companies with sustainable competitive advantages that respect the environment and practice ethical business. In addition, they avoid investing with companies who derive revenue from activities they do not consider socially responsible, including gambling and the manufacturing of weapons, alcohol or tobacco products.
Find out what's happening in Fredericksburgfor free with the latest updates from Patch.
If you’d like to add a little extra “green” to your college savings strategy, learn more about the Socially Targeted Investment Portfolio.
Find out what's happening in Fredericksburgfor free with the latest updates from Patch.
About Virginia529 College Savings Plan:
Virginia529 is a 529 college savings plan that offers flexible, affordable, tax-advantaged savings for qualified higher education expenses through its four programs: Virginia529 prePAID SM (prePAID SM), Virginia529 inVEST SM (inVEST SM), CollegeAmerica® and CollegeWealth®. More than $50 billion in assets under management and 2.3 million accounts as of February 28, 2014 make Virginia529 the largest 529 plan available. For more information on Virginia529’s college savings options, visit Virginia529.com or call 1-888-567-0540 to obtain program materials. These include information on Virginia529 programs, investment objectives, risks, charges, expenses and other important information; read and consider them carefully before investing. All investments are subject to risk, including the possible loss of the money you invest.
