The basic idea is truth in advertising. We’ve seen a growing number of funds market themselves as “green,” “sustainable,” “low-carbon,” and so on.
While the estimated size of this sector varies, one estimate says there are at least 800 registered investment companies with more than $3 trillion in ESG assets last year. Suffice it to say there are hundreds of funds and potentially trillions of dollars under management in this space.
What information stands behind those claims that a fund is “green” or “sustainable”?
When I think about these questions, I’m reminded of walking down the aisle of a grocery store and seeing a product like fat-free milk.
Read the full article at: www.sec.gov