Funds using more generic ESG lingo
European regulators flag growing greenwashing risk
- By: James Langton
- October 2, 2023 October 2, 2023
- 15:25
European regulators flag growing greenwashing risk
Toronto-based Obsiido plans to launch a service for advisors later this year
Undertaking doesn't preclude regulator's enforcement action, court finds
Plus, Evolve launches covered-call bond ETF
That compares to a surplus of $6.3 billion during the same period last year
Firms not disclosing investments' negative ESG impact, Paris alignment
Annual rate pegged at 4.3% this month, a drop from 5.2% in August
Another 10 firms sanctioned for extensive recordkeeping violations
Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting
Services-producing industries gained 0.1% in the month, goods-producing industries contracted 0.3%
Brokerage reduces regions to four from six, eliminating nine positions
Trade group calls for crypto trading to face similar standards as traditional markets
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales