Below some notes on the outcome/ incorporation of the requested.
Here some general notes to the Thesis:
– It should be written in an academic voice
– There is a key difference between refugees and migrants, migrants can be used to streghtens arguments as part of the BoP+ group but this needs to be explained (ie. Both are part of BoP+)
– The main focus is on impact investing not on politics etc. hence the situation needs to be explained but there needs to be relevance to the facts.
Layout:
– Introduction to Philantrophy and social forms of investing
– Development of ESG
– The emergence of impact investing
o Sectors
o Demographics of impact investors
– Forms of impact investing (PE/PD/ green bonds/hybrid bonds)
o This should include the explanation of what an asset class is and potentially a short discussion on why impact investing could potentially be its own asset class ( JP Morgan report)
o https://www.jpmorganchase.com/corporate/socialfinance/document/impact_investments_nov2010.pdf p.5 and p. 8
o https://thegiin.org/impact-investing/need-to-know/#s5 2
o https://www.forbes.com/sites/christopherskroupa/2017/05/22/unpacking-impact-investing-an-emerging-asset-class/#2ec5079b511f
o https://www.forbes.com/sites/devinthorpe/2016/08/31/impact-investing-expert-proposes-impact-classes-to-parallel-asset-classes/#259513593afe
o
– Paradigm shift
– Impact or financial return: a non existent trade off
– Case Studies
o Emerging markets (BoP) – shoud be extended
What has happened on the impact front
Most data available here as biggest market – BRICS countries
o Developed markets (BoP+)
Germany
Sweden
• General right wing movement increasing in both countries ( for germany recent election polls can be used ) T
• Could be used as a means of inclusion
– The problem with impact investing
o What are the current issuses
Examples from different case studies, draw parallels and possible differences
Ie. Emerging markets face different problems to Europe
Often pre seed stage or too small for major investors such as blackstone etc
High risk
http://monitorinstitute.com/downloads/what-we-think/impact-investing/Impact_Investing_Exec_Summary.pdf
– Ways to achieve impact investing
o What would it take to make impact investing more achievable or scalable –
o This could be government regulations, subsidies, fiscal rules etc etc etc
o Who currently hold large amounts of cash ( could be pensions funds and insureances – a possible argument could be they have the option to invest X amount in impact )
o Could also discuss making green bonds more common/ attractive ….
o Just some ideas
– The potential of impact investing (conclusion) THIS SHOULD BE THE CONCLUSION AND DRAW ALL RELEVANT ARGUMENTS TOGETHER: NOT BE A COPY AND PASTE FROM THE INTRO OF ESG – ESG CAN BE USED AS AN EXAMPLE BUT NOT MERE REPETION
o Mention trends and how ESG progressed (one liner) and how this can be applied to impact too
o Mention some of the problems discussed with possible solutions ( monitorinstitute)
o Etc etc etc