Humankind Investments LLC was awarded the “Newcomer ESG/Impact ETF of the Year” by Fund Intelligence at the 2021 Mutual Fund Industry and ETF Awards Ceremony. Humankind’s innovative ETF is the first registered investment company to be structured as a Maryland benefit corporation. As interest in ESG investing continues to grow, it is possible to
Mark F. Parise
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Perkins Coie Shepherds the First Registered Investment Company Structured as a Maryland Benefit Corporation
By Todd P. Zerega, Mark F. Parise & Thomas Ahmadifar on
Posted in ESG Investment, Registered Investment Companies
The U.S. Securities and Exchange Commission granted effectiveness to the registration statement of a client of Perkins Coie, which is the first known registered investment company structured as a Maryland Benefit Corporation. As interest in socially responsible investing continues to grow, it is possible to utilize a governance model that commits an entity through state law organizational documents to pursue broader public benefits, beyond just the pecuniary interests of shareholders.