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ESG Newsletter

      Cash Investors Trigger $29 Billion Spike in ESG-Lite Funds

      2022-11-16

      Yahoo Finance: The about-face came as UK pension managers reallocated funds in response to the economic shock triggered by the proposed reforms under then prime minister, Liz Truss. Much of that cash made its way into money-market funds that carry the EU’s weakest ESG designation, known as Article 8.

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      BlackRock Reclassifies $26 Billion of ESG ETFs on EU Rules

      2022-11-11

      BNN Bloomberg: BlackRock Inc. is removing Europe’s top ESG designation from a string of exchange-traded funds, after the EU provided updated guidelines to the asset management industry.

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      Invesco Downgrades Article 9 Paris-aligned ETFs

      2022-11-11

      ETF Stream: Invesco is the latest heavyweight European issuer to downgrade its entire Article 9 Paris-aligned benchmark (PAB) ETF range after ETF Stream revealed BlackRock and UBS Asset Management are lining up a raft of downgrades for their strategies.

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      DWS Adds to ESG Lineup with 3 New Funds

      2022-11-09

      Yahoo Finance: German asset manager DWS Group launched a trio of exchange-traded funds that tap into growing demand for environmental, social and governance investing.

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      ESG Fund Downgrades Spread as New Analysis Finds ‘Violations’

      2022-11-03

      BNN Bloomberg: Known as Article 9, the designation may be stripped from hundreds of funds in the coming months, industry estimates show. There are now signs that investment clients are starting to retreat, as fresh data points to a marked slowdown in flows. And on Thursday, a report indicated that some Article 9 funds hold assets that may violate UN and OECD standards on everything from bribery to environmental damage.

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      ESG Investing Is ‘Totally Unstoppable’ UBS Chair Kelleher Says

      2022-11-02

      Yahoo Finance: The current challenges to ESG investing won’t stop investors’ focus on environmental, social and governance considerations, UBS Group AG chairman Colm Kelleher said at the Hong Kong Global Financial Leaders’ Investment Summit.

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      ESG Fund Rules in Europe Come Under Fire from Regulators

      2022-10-26

      BNN Bloomberg: The world’s most far-reaching set of ESG investment rules is facing a wave of criticism as regulators in Britain and the European Union publicly voice their misgivings.

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      Third of Green Investment Required in the EU and US Combined to Meet Net Zero Targets

      2022-10-25

      Funds Europe: A third, or 33%, of investment required to meet net zero targets must be spent in the EU and US combined, according to BNY Mellon Investment Management (BNYMIM) research.

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      Deutsche Bank Executive Says ESG Is Now Entering ‘Phase Three’

      2022-10-25

      BNN Bloomberg: Environmental, social and governance investing has entered “Phase 3,” according to Markus Müller, the chief investment officer for ESG at Deutsche Bank AG’s private banking arm.

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      Amundi Starts Lyxor ETF Merge in Bid to Hit ESG Targets

      2022-10-24

      ETF Stream: Amundi has outlined plans to merge two Lyxor ETFs with its Paris-aligned equivalents, the first such move since the asset manager completed the acquisition of its French rival in January.

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