The company will rename the product line with the funds switching to underlying investments in Putnam ETFs that follow ESG criteria.
The agency proposed a set of rule changes related to fund names and ESG disclosures made by advisers and investment providers.
There is a struggle to define ESG, and opponents are using that to their advantage.
Several US fund managers are taking an interest in this small but growing area of the market.
Divesting can take away the option of engaging high-carbon companies to do better.
There is more going on in the ESG world, as seemingly passive funds have an element of active management that other index funds do not.
People trust climate data more often if companies are required to report it, a recent survey found.
As interest in ESG investing grows, advisers are reaching an inflection point.
The resources available to advisers who have an interest in the subject have grown, including certificate programs from the CFA Institute and the National Association of Plan Advisors.
Sales were the second-highest ever but still far behind those from a year ago, according to ETFGI.
