Tag: ESG investing
In Wisconsin and Texas district courts, plaintiffs are suing government officials to block the Department of Labor’s new rule on ERISA investment duties with regard to environmental, social, and governance (ESG) factors. They contend that the so-called “Biden Rule” violates the law and, in the case of the Texas complaint, has hurt businesses. In respons…
“Most of that’s all bullshit,” says Bill Gates. Let me set the stage. In my view, ESG (Environment, Social, and Governance) funds are a marketing ploy by financial services firms to repackage actively managed investments – which were becoming increasingly less appealing – in a trendy wrapper. They’re expensive and accomplish nothing. And they divert…
