LONDON (Reuters) – Britain’s fund industry trade body on Friday proposed a voluntary product label for sustainable investment funds to help retail investors and their advisers make more informed choices in what is a growth area of the market.
It also wants the industry to agree the meaning of commonly used terms such as ‘environmental, social and governance (ESG) integration’ and ‘impact investing’, and assess how members currently describe what they do to clients.
Move - European - Union - Rules - Asset
The move comes as the European Union discusses rules to tighten up how asset managers behave amid concerns the lack of a framework was misleading investors.
The Investment Association...
Wake Up To Breaking News!
Never argue with an idiot, the spectators may not be able to differentiate between you.