The Wall Street Journal: Goldman Sachs is facing an SEC investigation over ESG funds, sources say


The Securities and Exchange Commission is investigating Goldman Sachs Group Inc.’s GS, -5.65% asset-management arm over its funds that aim to invest based on environmental, social and governance standards, according to people familiar with the matter.

The SEC’s probe is the latest known instance of regulators’ scrutiny of ESG, which aims to generate returns by picking stocks or bonds using criteria that include environmental, social and governance considerations. The ESG designation has been a boon for asset managers that struggled in recent years to compete with low-fee index funds.

This article was originally published by Read the original article here.

Previous articleTesla plans 3-for-1 stock split if investors approve increased share count
Next articleJefferies economists also call for 75 basis point Fed rate hike next week


Please enter your comment!
Please enter your name here