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Illustration: Eniola Odetunde/Axios

It doesn't take a $100 million SoftBank fund or a $1 billion Bank of America initiative to help increase racial equality in the United States.

The state of play: There is much that concerned investors can do to help curtail the racial wealth gap and general systemic racial inequality that is at the heart of the protests currently happening in the U.S. and around the world.

What they're saying: Cornerstone Capital Group, an investment adviser focusing on socially conscious investing, wrote a white paper in 2018 detailing investment changes portfolio managers and investors could make to help reduce the racial wealth gap (see above).

  • "Wealth inequality among racial and ethnic groups in the United States results from structural racism dating to the beginning of the republic," Cornerstone said in the paper.
  • "Investors can contribute to the narrowing of economic disparities through a dedicated emphasis on investing in underserved minority communities."

Beyond impact investing, there are major steps to be taken in corporate America, according to Anthony Coley, a former U.S. Treasury official and senior executive at Managed Funds Association, who is now the founder of Corner Office Strategies.

  • "Collectively and individually, corporate America must commit to reverse the legacy of systemic discrimination," Coley writes in a commentary for Barron's.
  • "Giving money to frontline organizations is good (and necessary) but it is not nearly enough. Real change requires us to rethink the role of business in a free market economy. Take a look at what the Business Roundtable is doing in this area."

Go deeper

Investors still don't believe the stock market's rally can last

Illustration: Aïda Amer/Axios

The S&P 500 closed at a new all-time high on Tuesday and has rallied by around 52% since hitting its low point on March 23 — the best run the index has ever had in such a short time.

The state of play: While the market has continued to rise for the past five months, most investors have been incredulous about the sustainability of gains.

Updated 5 hours ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Driving the news: U.S. National Security Council spokeswoman Emily Horne called the intelligence "deeply concerning" in a statement to Axios. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.

Updated 6 hours ago - Science

This powerful new accelerator looks for keys to the center of atoms

Illustration: Eniola Odetunde/Axios

Nuclear physicists trying to piece together how atoms are built are about to get a powerful new tool.

Why it matters: When the Facility for Rare Isotope Beams begins experiments later this spring, physicists from around the world will use the particle accelerator to better understand the inner workings of atoms that make up all the matter that can be seen in the universe.