Fidelity readies ESG target-date series
The firm would be one of several companies providing sustainable target-date funds in the US
The firm would be one of several companies providing sustainable target-date funds in the US
The effort, the latest in an overall anti-ESG push from conservatives, is largely symbolic
A legal challenge to the agency’s rule on investments in retirement plans was inevitable, lawyers say
Target-date funds that are sustainable or responsible are fair game, but there aren’t many of them
CEO of Fennel talks about the company’s potential, and ESG Out Loud reviews the new DOL rule
Puts an end to Trump administration restrictions on ESG
The final rule is coming out at a time when sustainable investing has become a political flashpoint
Global ESG Summit panellists say absence of regulation allows for data disparity
But not many plans include ESG funds and very few people use them
Fidelity has around $7.4bn in DC plan assets in ESG options and last year added seven funds to its sustainable lineup
The request for information comes as the agency is working on a separate final rule on the use of ESG in retirement accounts
Both the Labor Department and the SEC are working on proposals whose thrust is to encourage the use of ESG factors, in an abrupt reversal of Trump administration policy.