Income gap could hurt portfolios

By October 25, 2018In the News

Benefits and Pension Monitor: Institutional investors have increasingly begun to realize that the gap between the very wealthy and all others has become one of the most socioeconomic issues of these times, says Steve Lydenberg, founder and CEO of The Investment Integration Project (TIIP).

Speaking at the ‘Investing to Address Income Inequality’ event sponsored by the Shareholder Association for Research & Education (SHARE), the Principles for Responsible Investing (PRI), and TIIP during ‘Canada’s Responsible Investment Week,’ he said it has the potential to negatively impact institutional investor portfolios, increase financial and social system-level instability, lower output and slow economic growth, and contribute to the rise of nationalistic populism and tendencies toward isolationism and protectionism.