This is a non-graphical version of the article. To save, please use your
browser File/Save function.
November 21, 2012
Community Capital Management Invests over $4 Million on Behalf of Sustainable ETF
by Robert Kropp
The Florida-based fixed income investment manager, one of the portfolio managers for the
AdvisorShares Global Echo exchange-traded fund, invests in projects that promote job creation and
provide housing for low- and moderate-income residents.
The AdvisorShares Global Echo ETF
(GIVE) is not the only exchange-traded fund to focus on sustainable investment opportunities.
In 2010, Pax World Management launched the
ESG Shares family of ETFs, and BlackRock
followed suit last year with two sustainable equity ETFs on its iShares platform.
GIVE distinguishes itself, however, by
donating 40 basis points of its 1.7% annual operating expense to the GlobalECHO Foundation, a nonprofit founded by
Philippe Cousteau that provides funding to address social and environmental issues.
GIVE is managed by four portfolio managers, all of which have significant experience in
sustainable investment. Community Capital
Management (CCM), a Florida-based investment management firm which handles the fixed income
portion of the GIVE portfolio, announced this week that it has thus far invested over $4 million in
sustainable initiatives on behalf of the ETF.
Investments purchased by CCM include a
400,000 square foot, transit-oriented and sustainable residential/retail development in Odenton,
Maryland, and a Low Income Housing Tax Credit property incorporating sustainable building methods
in Crescent City, California.
CCM investments on behalf of GIVE have thus far resulted in
$1.9 million in job creation and small business development; $1.1 million in multifamily housing
with sustainable, education, and community components; $140,000 in affordable healthcare
facilities; $150,000 in economic development, environmentally sustainable initiatives, and
neighborhood revitalization activities; and $860,000 in home mortgages for low- and moderate-income
Since 1998, CCM has invested in numerous urban renewal projects that have
resulted in increased manufacturing in urban areas where thousands of jobs have been lost, and
revitalization of housing in targeted disadvantaged areas. The rehabilitation projects often employ
green building principles and result in increased energy savings. In 2009, Executive Vice President
and Senior Portfolio Manager Barbara VanScoy said that the firm's goal was to invest at least 50%
of the portfolio in securities that support environmental initiatives.
SRI World Group, Inc. All Rights Reserved.