As Republicans try to block Americans’ access to ESG investments, money managers have been quietly building out their offering of such products. For US managers, the number of ESG funds was up 12%.
In Bloomberg Law, asset management partner George Raine characterizes the backlash against ESG from Republicans as “a clarifying experience.” It’s “prompting asset managers to not over-promise,” he said.
George noted that some asset managers “got over their skis” and are “tapping the breaks to make sure they’re not overstating what they do.”
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find our more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.