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SEC marketing rule causes advisers most compliance concerns
Even though advisers don’t have to comply with the rule for more than a year, it ranked as the hottest compliance topic, according to a survey; cybersecurity and climate change/ESG were other areas worrying advisers.
Investing in a disruptive climate
Adapting to the changing climate also includes taking into account advances in technology, such as in medicine, energy, transportation, space travel, artificial intelligence and computing. We need to analyze our current investments and consider updating our portfolios.
Fund managers feel heat as SEC cracks down on inaccurate ESG labels
For several months, SEC examiners have been demanding that money managers explain the standards they use for classifying funds as environmental, social and governance-focused.
SEC’s Gensler orders review of funds’ ESG disclosures
The agency is considering more stringent disclosure requirements for investment funds amid concerns that some fund managers are making unfounded ESG claims.
Building a better portfolio with ESG ETFs
ESG ETFs have investments related to solving social issues in the country such as racial disparities and better health care.
Regulators scrutinize ESG more closely as greenwashing explodes
Researchers have raised questions about the credentials of money managers who claim they are marketing funds designed to address the climate crisis and social injustice.
Deutsche Bank’s DWS rejects claims it overstated ESG assets
On Thursday, the asset manager's shares had plunged as much as 14.2% on the news that Germany’s financial markets regulator, BaFin, and U.S. prosecutors were probing claims by a former sustainability executive that DWS overstated the amount of assets adhering to social and environmental criteria.
UBS, State Street among firms whose green funds fall short
More than half the climate-themed funds reviewed by a nonprofit failed to live up to the climate goals set out in the Paris Agreement, while just over 70% of funds promising ESG goals fell short.
Bain Capital to create ESG hedge fund
Long-short strategy launching by October to focus on global consumer, tech, financial and healthcare stocks with $1 billion or more.
Bitcoin mining is an ‘existential threat’ to crypto
The process of mining cryptocurrency sops up more energy than entire nations. Lawmakers like Elizabeth Warren, and billionaires like Bill Gates, have recently called attention to the environmental impacts.
5 major takeaways from the blockbuster IPCC report
Advisers should be thinking about how best to shield their clients from the threat that climate change poses to investors’ returns — and the stability of the entire financial system — in coming years.
Goldman Sachs buys Dutch money manager in $1.9 billion deal
The acquisition of NN Investment Partners boosts the bank's European ties and gives it a toehold in the sustainable investing industry; about three-quarters of NN's investments are backed by ESG criteria.
Direct indexing emerges as must-have tool for tax management, ESG investing
The trend toward offering customizable indexes puts direct indexing on a track for explosive growth, according to new research from Cerulli Associates.
Quant with $135 billion in assets adjusts ESG model
Man Group CIO of ESG funds says these investments have too short and bumpy a history to just back-test.
SRI or die: Time to get on board the responsible investing trend
Advisers aren’t talking to their clients about SRI investing, or if they are, they aren’t taking it seriously — which will ultimately be to their own detriment.
SEC’s Gensler takes to Twitter to push mandatory climate disclosures
The SEC leader used an analogy inspired by the 2020 Olympic Games to support increased public-company reporting. 'It's time for the Commission to take the baton,' he posted on Twitter.
What the U.N.’s climate change report means for advisers
The climate change report had stark findings and comes amid a severe drought in the American West and one of the worst wildfire seasons in California’s history.
Climate report to add pressure on governments to decarbonize
UN-backed panel on climate change warns time is running out to stop global warming from exceeding 1.5 degrees Celsius.
Nasdaq wins SEC support for plan to diversify boards
The exchange will direct its listed companies to pursue board diversity — by having at least one female board member and at least one who identifies as a member of an underrepresented minority or LGBTQ — or explain why they don’t.
Companies are increasing ESG reporting: US Chamber of Commerce
A recent survey showed most public companies are revealing information on climate change, but want mandatory ESG disclosures to be flexible.
