Engine No.1 launches VOTE ETF to reproduce Exxon Mobil proxy strategies
The Bottom Line: Engine No. 1 launched an exchange traded fund focused on proxy voting strategies but passively managed securities will not be ESG qualified. Engine No.1 set to launch VOTE ETF to reproduce Exxon Mobil proxy strategies Capitalizing on its newfound notoriety, Engine No. 1 launched on June 23rd an exchange traded fund with […]
Legislation introduced to promote sustainable investing in retirement accounts
The Bottom Line: Clarifying US Senate and House legislation may not actually lead to the accelerated adoption of sustainable investment options in certain retirement plans. Clarifying US Senate and House legislation may not actually lead to the accelerated adoption of sustainable investment options in qualified employer-sponsored plans in the near-to-intermediate term To stimulate the […]
OneFund allows investors to express views on proxy voting
The Bottom Line: OneFund allows underlying investors to express views on proxy voting whereas otherwise investors don’t such rights through mutual funds and ETF ownership. Summary/Background In late May a number of the world’s largest investment management firms and asset owners sided with an environmental activist hedge fund and the leading proxy voting firms to […]
S&P Global Ratings to issue ESG credit-related indicators
The Bottom Line: S&P Global Ratings becomes the third credit rating agency to issue ESG credit indicators intended to inform the CRA’s assessment of creditworthiness. S&P Global Ratings becomes third credit rating agency to issue ESG credit-related indicators S&P Global Ratings became the third credit rating agency (CRA), after Fitch Ratings and Moody’s Investors, to […]
SEC Issues ESG Risk Alert
The Bottom Line: The SEC’s Division of Examinations (DE) issued an advisory Risk Alert highlighting observations from recent exams focusing on ESG products and services. Confusion in the Marketplace On April 9th, the Securities and Exchange Commission’s Division of Examinations (DE) issued an advisory Risk Alert for the purpose of highlighting observations from recent exams […]
The “GameStop Incident” and Why Sustainable Investment Funds May Be at Greater Risk
The Bottom Line: A parallel exists between recent GameStop volatility, a stock’s vulnerability to social media actions and the potential exposure of sustainable investment funds. Introduction and Summary A convergence of factors recently empowered a group of retail traders to fuel stock market volatility and disrupt trading in some U.S. listed stocks. Extraordinary price volatility […]
Touchstone acquires mutual funds from AIG’s SunAmerica
The Bottom Line: Touchstone Investments acquires the mutual funds business managed by AIG’s SunAmerica Asset Management and will integrate 12 funds with about $7.5 billion.
Acquisition of ACRe by ISS continues consolidation trend in ESG space
The Bottom Line: The ISS announced acquisition of ACRe on Monday continues consolidation trend in the ESG space, now with a focus on U.S. municipals.