Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsThe past year has felt bruising for many devotees of “sustainable” fund investing despite the growing attraction of products aligned with environmental, social and governance criteria.Morningstar estimates sustainable funds attracted $22.5bn of net new money globally in the third quarter of 2022. That was less than the $33.9bn of inflows in the second quarter, but against a backdrop of significant market challenges, sustainable funds held up better than the broader market which experienced net outflows of $198bn over Q3. But 2022 saw increasingly vocal criticism both from supporters of ESG and its “anti-woke capitalism” opponents. At the same time, regulators’ concerns about “greenwashing” spilled over into concerted action by some authorities. In November, Goldman Sachs agreed to pay a $4mn penalty to settle charges brought by the US Securities and Exchange Commission for policy and procedural failures in its ESG research. It did not admit or deny the charges, but agreed to a cease-and-desist order.Earlier in the year, German police officers raided the offices of fund manager DWS after claims by a whistleblower that it had flaws in its ESG strategy. The police said they were investigating possible “prospectus fraud”. DWS has denied the whistleblower’s claims. Some industry observers are privately speculating which asset manager will be next.The resulting bad...
Park Filed Complaint Against President Lee Ahead of 2021 Election Jang Youngha Sentenced to One Year in Prison, Two Years Probation Confirmed The police have launched an investigation into Park Chu...