An Oct. 2 article in The Wall Street Journal titled “Vanguard Aims to Prove Feel-Good Investing Can Deliver Feel-Good Returns” reports that while a number of firms have successfully launched ESG exchange-traded funds, they still lack popularity with many investors. Investment management partner Brian McCabe examines some of the barriers to widespread adoption in the piece. “Many retirement savers invest exclusively in mutual funds owned through employer-sponsored savings plans, but only a handful of those offer ESG options, in large part because of regulations that prohibit plan managers from considering anything other than the best economic interests of participants,” Mr. McCabe explains. “Employees can lobby their plan managers to add ESG options, or go through the hassle of setting up their own investment accounts independent of the company-picked fund lineup. Few go through that trouble,” Mr. McCabe notes.
Attorneys
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 out 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.