+1 (703) 299-8390
300 N. Washington St. | Suite 505 | Alexandria, VA 22314

Big Changes Ahead For ESG Investing?

The Department of Labor (DOL) proposed a new rule that would restrict using ESG funds in retirement plans.

The new rule would require those running pension plans to ONLY consider the financial return on an investment rather than ESG (Environmental, Social, Governance) or other factors.

EGG use has grown considerably since the early 2000s. In 2013, ESG investments began to grow rapidly, and in 2019 alone attracted more than $20 billion.

The rule is still under consideration and is under a 30-day comment period.

Readers can find out more about it from Financial Planning, or Morningstar. Interested in Morningstar’s official response? You can find that here.

Read 1090 times
Friday, 24 July 2020 11:58

Subscribe to What's New

Most Popular Posts