SEC Chairman “Sustainable” Prepared Remarks Before the Asset Management Advisory Committee
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.[1] 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
