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5 Sept 2021

U.S Securities Regulator Investigating ESF Funds

The Index Today

Money managers have been asked to come forward to explain how they classify funds as environment, social and governance (ESG) funds by the U.S Securities regulator. The commission has been asking companies to identify the ESG classifications as the commission has found them to be misleading and inadequate.
The investments have been under scrutiny by SEC examiners for quite some time now. These investigations are related to getting information regarding other jurisdictions and how they are dealt with.
The U.S Securities regulator have deployed a group of specialized personnel to look into the matter and report any misconduct with relevance to climate change and ESG labels. It has been estimated that $51 billion have been injected into the U.S funds for sustainability in the previous year. Investors are required to have proper knowledge and must be informed about allocation of funds.
The commission has also inquired the Deutsche Bank’s asset manager on how it is using its sustainable funds and meeting its criteria to effectively manage assets and resources.

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