Community Investing: The Faith-Based Investing Forum, February 27-28
On February 27th, I had the opportunity to hear Leonard English, Investment Manager for the General Board of Pension and Health Benefits of the United Methodist Church, talk about the organization’s community investments through their Positive Social Purpose Investment Program (PSPI).
One point in particular jumped out at me, and that was a number: 6.5%.
The annualized performance of PSPI loans held in the organization’s Domestic Bond Fund (as of 12/31/2007) has been 6.5% since inception (07/31/1990). Which is an impressive number and in line with their benchmark performance, as well as competitive market rates of return.
