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[quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/frognews/status/1634520800693821443?s=46&t=LIPdgVyoQKbCx5AoiVoTug[/twitter][/quote] “ESG” funds are all the rage in the investment world and there is very little regulation for their marketing. Any day now SEC will be announcing new regulations re what qualifies as an ESG and how they can be marketed. Because as of today, a broker-dealer could slap an ESG label on their fund without having to meet any requirements. Why should you care? Because SVB was a part of many ESG marketed ETFs and other strategies. Regular people may not even know they own shares in it. Also regardless of your political affiliation be very careful when investing in what is marketed as ESG funds. When the new regs are released there will probably be a compliance period so for now it’s the wild Wild West out there. A fund could claim for instance they’re good for the environment but their carbon footprint is awful (just an example). [/quote]
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