Domini Social Investments launched the Domini Social Bond Fund, a socially responsible bond fund with a community development component. It is managed by DSIL and submanaged by South Shore Bank, a community development financial institution.
The new fund will use the same social and environmental screens applied to the Domini Social Equity Fund and also will invest up to 10% of its assets in debt instruments and other investments that support and promote community development. Community investments will focus on affordable housing and helping low- to medium-income entrepreneurs through financing small business loans.
