Recent SEC announcements on ESG topics show this will be a “front-burner” item for the agency in coming years, says Bob Smith of Sage Advisory; he adds that that’s hardly surprising given the amount of money flowing into sustainable investments.
Lee said there may be a disconnect between passive index funds’ proxy voting and their investors’ ESG inclinations.
New rules are supposed to give investors more transparnecy into products’ ESG credentials, but the effectiveness of SFDR is up for debate.
With the Biden administration ramping up the focus on climate change, ESG investing is expected to see another wave of growth.
Complaint is first time environmental groups have brought such claims to the Federal Trade Commission against an oil giant.
The active fund for US investors will try to beat a global index, the MSCI All-Country World Index.
The certificate focuses on analyzing ESG factors and integrating them into portfolios. It also provides ESG fluency for people working in functions such as sales and distribution, wealth management, product development, financial advice, consulting and risk.
Acting SEC Chair Allison Herren Lee suggested the agency should consider new policies and procedures regarding ESG for investment advisers. The agency is evaluating how a disclosure framework can be flexible enough to keep up with the latest market and scientific developments.
Advisers should explain to investors that solving societal change is a long term opportunity.
The agency must be nimble in keeping up with an increasingly popular and rapidly evolving issue.
Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
The two rules were among the most heavily contested measures instituted by the DOL under former Secretary Eugene Scalia, with the 401(k) rule drawing nearly 9,000 public comments, most of which opposed it.
