Sustainable Investing: Vanguard adds an ‘impact fund’ that targets social and environmental change

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Vanguard released its sixth environmental, social and governance fund Monday, joining with U.K. investing firm Baillie Gifford to launch an actively managed, global equity fund that invests in companies the managers believe will produce a positive social change.

Vanguard Baillie Gifford Global Positive Impact Stock Fund will invest in companies the fund managers believe will generate financial returns as well as positive social and/or environmental impact. It will have the ticker VBPIX.

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