SFA Research Corner: An Executive Order Seeks to Lift Pall on ESG Cast by DOL Rule
Provided by Structured Finance Association
The Biden administration will review a controversial Department of Labor rule that effectively dissuades employer-sponsored ERISA retirement plans, including 401(k) retirement plans, which holds an estimated $6.5 trillion in assets, from investing in ESG funds. The rule comes as the asset flows into ESG accelerate. We look at certain securitized products that can easily be included in the expanding ESG universe.