Investing: Small Business Virtues
Investing in your own business may be your priority, but here's an easy way to support other entrepreneurs. In February, the $630 million CRA Qualified Investment Fund (CRAIX ) announced it would earmark $50 million in assets to support small businesses, particularly those in low- to moderate-income and minority communities. That means it will boost its holdings of pools of Small Business Administration 7(a) loans and municipal bonds. "This is an excellent way to target our investments," says Alyssa Greenspan, director at CRA Fund Advisors in Weston, Fla. The rest of the fund will continue to support community development initiatives. The six-year-old fund has a lifetime annual return of 5.6%.