A market in evolution
The chapter begins by establishing a definition for this market and discussing the main contexts and trends that can be observed shaping its development. A section on key characteristics follows that covers such issues as geographical spread and diversity, sectoral spread, financial instruments, and risk and return profiles. It then discusses the emerging market structure of impact investing and give an account of the important role of policy in shaping and supporting the field. The chapter then moves on to consider future directions, opportunities, and challenges. The arguments and analyses of the chapter as a whole are finally summed up in a conclusion. Throughout the chapter short case examples provide important real world grounding to the analysis and commentary.
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