ESG investing is not just for the 'woke.' We all have values that drive our decisions in life, influencing everything from the food we eat to the relationships we establish.
The SEC said the Goldman Sachs Asset Management unit “had several policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.”
So far in 2022, more than $446 billion has been withdrawn from US fixed-income mutual funds, a record exodus. About $154 billion has poured into bond ETFs instead.
Starting early next year, Vanguard will begin testing giving individual investors in several equity index funds more options about how their shares are voted.