MONTE CARLO, MONACO / ACCESSWIRE / October 17, 2017 / The generation known as Millennials is credited with advancing social responsibility and engagement in all spheres of life. Its most successful representatives have amassed billions of dollars in personal fortune through the companies they created, Mark Zuckerberg and his social media network Facebook being a prime example. At the same time, Zuckerberg and many of his peers have gained prominence as investors seeking to put their money to good use by targeting projects that serve the greater good. Millennial entrepreneurs may not have introduced the concept of socially responsible investing (SRI), but they have brought it into the spotlight, demonstrating that adherence to personal values is not an obstacle to making money, says leading forex expert and broker Vicente Izquierdo Munoz.

Also known as ethical, sustainable, or socially conscious investment, SRI is the application of moral principles and views in the selection of asset classes. The concept is still evolving and its definition may change over time, but the one circulating at present explains the phenomenon as "any investment approach that factors in environmental, social and corporate governance, or ESG, issues and their impact." Regardless of the lack of a uniform, globally accepted interpretation of ESG standards, the SRI trend appears to have reached critical mass and 2017 will be the tipping point, Rory Sullivan, head of standards and sustainable investment at FTSE Russell, recently told the Financial Times. The figures speak for themselves: research company Morningstar estimates that investment funds globally have channeled $22.9 trillion into asset portfolios focused on sustainable investing in 2017 as opposed to just $3.8 trillion in 2006. Moreover, there is a growing body of evidence that investors guided by ESG standards generally outperform traditionalists by a wide margin.

For asset managers and investment companies, SRI is predominantly an opportunity to drive the clean technology revolution and in turn benefit from it. ESG-based strategies also serve social purposes by exposing enterprises that blatantly disregard the welfare of their employees and neglect the communities on which they depend. However, SRI should not be confined to big fund managers, investment companies, and index providers, Vicente Izquierdo Munoz points out. Individuals can also act in a socially conscious manner by making responsible choices as consumers and ensuring that their money is invested ethically by their financial services provider. There are also options such as saving in social impact portfolios or investing with a mutual fund that prioritizes sustainable assets. According to author Morgan Simon, young people should be the driving force behind this trend. "Millennials need to be front and center in this conversation. Don't just be a passive consumer, be an active participant in what impact will mean," he says.

Vicente Izquierdo Munoz is one of the most prominent brokers in the forex and contracts for differences (CFDs) markets. With industry experience of more than 17 years, he continues his pioneering work as the co-founder of a leading brokerage company that provides CFDs on stocks, commodities, and indices. The firm operates ten trading platforms and offers more than 200 financial instruments to retail and institutional investors in over 180 countries across Europe, Asia, Middle East, Africa, and Latin America.

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SOURCE: Vicente Izquierdo Munoz