Monday April 22nd is Earth Day so THINK GREEN! Did you know you can save for college AND save the planet using the Socially Targeted Investment Portfolio available through VA529 inVEST, not to mention the awesome tax advantages?
American investors are increasingly seeking investment choices that complement their environmental and social consciences. According to the latest Report on Sustainable and Responsible Investing Trends in the United States, U.S. investments in funds that favor environmental, social and governance (ESG) criteria grew to $3.3 trillion in 2011, an increase of nearly 30 percent from 2009.
Families saving for college can incorporate this focus into their college savings investing approach through the Socially Targeted Investment Portfolio offered by Virginia529 College Savings Plan (Virginia529). An option in the Virginia529 inVEST program, the portfolio currently invests exclusively in the Parnassus Equity Income Fund (symbol PRILX). Parnassus Investments, the investment management company responsible for the Fund, seeks to invest in businesses with sustainable competitive advantages that also respect the environment, have quality management teams and have ethical business practices.
Head on over to Virginia529.com to learn more about this socially responsible option which returned 20.83 percent for the one-year period ending March 31, 2013 and a three-year return of 11.92 percent. Also, keep up with cool options like this and stay in the know about the most recent college savings news and trends by following Virginia529 on Facebook and Twitter too!
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