Merrill Lynch adds social impact portfolios to platform

Merrill Lynch adds social impact portfolios to platform.

By Liz Skinner 

Bank of America Merrill Lynch has expanded its lineup of social impact investing offerings, creating new portfolios for clients who want to align their assets with their values.

The firm’s platform now includes five of these portfolios made up of mutual funds and exchange-traded funds. Each portfolio will have six to eight investments, with conservative portfolios including more fixed income and aggressive ones more equity, said Kim Paris, impact investing director for Merrill Lynch.

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