Industry News: ESG

Vanguard Social-Investing Error Prompts Funds to Check Controls

Written by ESG | 26-Aug-2019 2:25:02 PM

2019-08-22

Bloomberg: Managers overseeing trillions in exchange-traded funds have been quietly meeting around Wall Street this week to check the quality controls on their funds, rattled after Vanguard Group Inc. mistakenly added shares of 11 companies, including a gun manufacturer and a private prison operator, to its $578 million socially responsible ETF.

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