Anti-ESG funds take off, but soon stumble
The backlash to ESG investing fails to find traction with investors, Morningstar reports
- By: James Langton
- June 8, 2023 June 8, 2023
- 13:55
The backlash to ESG investing fails to find traction with investors, Morningstar reports
The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023
There's no one way to perform ESG integration, but a definition is forthcoming
SIFMA survey finds U.S. industry economists expect Federal Open Market Committee to hit pause
Efficient portfolio management costs continue to worry regulators
Rating agency says strategic partnership has attractive benefits for all players
Calling the expected non-rise a "skip" would be seen as compromise between rate hawks and doves in U.S.
Recession is likely for much of the country later this year, new research shows
Government also seeks comment on creation of new financial crimes agency
Chief justice finds motion is premature, directs receiver to address distribution issues
Key interest rate now sits at 4.75%, highest it's been since 2001
Exports for April rose 2.5% led by energy and mineral products
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