ESG Funds Are Finding It’s Not Easy Being Green (Podcast)

If it was ever easy to be the manager of an ESG fund, it certainly isn’t any more.

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Demand for these environmentally friendly investment options is skyrocketing, but scrutiny from the Securities and Exchange Commission is increasing along with it. Late last month, BNY Mellon paid the agency $1.5 million to settle a claim that it misled investors about how it applies ESG principles to some of its mutual funds. Also, the SEC ...