When an investor looks for ESG funds it is a moral content of their lives and society they are addressing. It is wrong to cheat an investor of the moral content of their lives that allow them to sleep at night. It is must plain wrong!
By Lananh Nguyen and Matthew Goldstein
The Securities and Exchange Commission (click here) is investigating Goldman Sachs over its E.S.G. investment funds — funds that invest in companies that say they are committed to environmental, social and governance principles, according to two people familiar with the matter.
The agency is examining E.S.G. mutual funds overseen by the bank’s asset management unit, said the two people, who spoke on the condition of anonymity because they were not authorized to comment publicly on the matter. The Wall Street Journal reported earlier on the investigation.
The S.E.C. declined to comment.
Regulators have intensified their scrutiny of sustainable investment vehicles, which have become increasingly popular, but have also been criticized for their lack of accountability, with lawmakers and investors calling for them to be reined in....
