North Capital Debuts New Socially Conscious Investment Strategy
North Capital Investment Technology Inc., based in Salt Lake City, has launched a new investment vehicle—the REITless Impact Income Strategies. This socially conscious strategy is focused on lending and strategic debt investments primarily to single- and multi-family real estate development and redevelopment projects. The investment projects must produce positive social impact in communities nationwide, through job creation, affordable housing, energy efficiency and green-housing improvements that promote environmental sustainability.
North Capital’s founder, James P. Dowd, and his team of investment professionals will evaluate each investment opportunity, which will be available to both accredited investors and non-accredited investors who meet the qualifications of the offering.
North Capital Inc., an RIA, will manage the REITless strategy by making short-term loans and investments into the small-balance real estate market, where financing requirements are typically smaller than in institutional markets. Investors in the REITless strategies, unlike those in many other REITs, will not pay up-front selling commissions as part of the purchase price, and this enables investors to compound a greater percentage of their investment.
FFI Now Offering ETLS Strategy On SMArtX Advisory Solutions
FFI, a New York firm that offers investors risk-managed products and indexes associated with climate change (its name stands for “Fossil Free Indexes”) has put one of its offerings on a platform catering to RIAs and broker-dealers.
The firm’s Energy Transition Long-Short Strategy (ETLS) is an alternative index strategy meant to capitalize on a move away from the carbon-based economy. FFI is now offering the strategy on SMArtX, a managed accounts platform for RIAs and B-Ds.
The rules-based ETLS strategy invests long in clean energy companies and short on fossil fuel reserve owners. The socially conscious strategy was developed in partnership with Clean Edge Inc., a San Francisco-based research and advisory firm specializing in clean-energy technology, and Alpha Vee Solutions, which licenses smart beta multi-factor indices to asset managers. The new index is based on the premise that the long-term economic and policy environment favors clean energy over fossil fuels.
The investments in the strategy are populated from the universe of U.S.-listed clean energy companies compiled and maintained by Clean Edge. The short components are chosen from a U.S.-listed subset of FFI’s “Carbon Underground 200.” The 40 long and 20 short positions are selected and weighted using a proprietary rules-based approach that considers both financial and carbon factors.
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