First Social Stock Exchange in Asia to be Set Up by Early Next Year

The Asian impact investing exchange is scheduled to launch in early 2012, according to this article in the Malaysian Star.

From original article:

"Asia's first social stock exchange - Impact Investment Exchange Asia (IIX), which is a social enterprise (SE), is expected to be set up and operational by early next year.

"While details of the IIX have yet to be ironed out, the organization behind IIX, Impact Partners will be launching an online portal by the end of the month to bring together investors with socially impactful investments.

"According to IIX managing director Robert Kraybill, impact investing may be new in Asia but is was fast gaining traction in the United States and Europe.

"IIX directors believe there is much potential for impact investments in Asia as social issues such as poverty, deprivation and environment become more relevant."