Investing in causes and organizations both near and far has been gaining traction in recent years as a way to make a difference in the world. From fighting climate change to supporting the rule of law, the impact of Investing in causes close to our hearts can be far-reaching. Those funds could be the fuel for a major stock rally. The Investment Company Institute said money market accounts held a record $4.814 trillion as of the end of June, up from $4.631 trillion in June 2019.
There are many different ways to invest in causes and organizations, ranging from asset allocation to Investing in specific stock. We'll return to asset allocation over and over again so please do send me your questions to firstname.lastname@example.org. However, there are many stock that are directly related to Investing in causes and organizations, such as Elder Justice Investment, which focuses on older adult care. Included in the biennial budget is over $900 million to support programs that help older adults continue living in or near their preferred communities.
Another stock focused on Investing in causes is FinTech Acquisition Corp IV, which is focused on Investment in companies that use technology to make a difference. Joining me on the call today to discuss our results for the fourth quarter of 2019 is FinTech Acquisition's CEO, Nathan Leight, who said the company's Investment in technology-driven companies have “been very successful in achieving the main objective of creating value, which we believe is a good indicator of near-term credit performance.”