3.2.20
With the recent boom of environmental, social and governance (ESG) investing, the Securities and Exchange Commission (SEC) is looking to make sure that funds that claim to be ESG reflect those claims. On Monday, March 2, in a request for public comment, the SEC asked whether a fund’s name should broadly match what it invests in. This would mirror other rules that are already in place, such as the requirement that a fund with “stocks” in its name have at least 80% of its portfolio in equities.
Read more via Bloomberg.