ASSETS UNDER MANAGEMENT AS A MECHANISM OF IMPACT INVESTMENT IMPLAMENTATION

Abstract

Objective. The objective of the article is to investigate the concept of impact investing, its features and place among the directions of investment, to identify trends in the amount and share of assets under management as a mechanism for the implementation of the investigated invest­ing type. Methods. In the process of research are used the following general scientific methods and techniques of cognition: theoretical generalization and comparison (to find the generalized con­cept of impact investment among various definitions), analysis and synthesis (for a comprehensive study of the impact investing's intension), abstract-logical method (for linking impact investing with different directions of investing), induction and deduction, grouping and classification etc. Results. The article explores the concept of impact investing as a global trend in the context of globalization, which, in addition to receiving economic benefits from investing money, makes a positive social and environmental impact. It has been found that impact investing is formed at the intersection of economic, social and environmental directions of investment and is characterized by the following features: intentionality, financial return, variability of asset classes and impact measurement. It is stated that the Global Impact Investor Network (GIIN) is an international organization that systematically monitors the processes of this investment activity. Assets under management (AUM) have been investigated as a mechanism for impact impacting, dynamics have been analyzed and the main trends of AUM amounts and shares have been determined according to the criteria of the organization type, geography, spheres and instruments of investment, etc.