SEC Extends Compliance Deadline for Names Rule, Impacting ESG and Thematic Funds
As per ESG News, The SEC announced a six-month delay for funds to comply with the recently amended Investment Company Act “Names Rule,” which ensures fund investments match their advertised ESG or sustainability strategies. • Larger fund groups (> $1 billion in net assets) now have until June 11, 2026. • Smaller fund groups (< $1 billion in assets) must comply by Dec. 11, 2026. Read more
Close to 5,000 ESG funds in Europe now hold oil, gas and coal
Almost 5,000 funds marketing themselves as ESG now hold stakes in companies in the fossil-fuel industry, according to a fresh study of the European market by a team of nonprofits. Read more
BlackRock Enhances Sustainability Characteristics of $92 Billion of Funds Ahead of ESMA ESG Fund Naming Rules
As per ESG Today, Investment giant BlackRock announced a series of changes to its sustainable fund lineup ahead of the implementation of new fund naming guidelines by EU markets regulator the European Securities and Markets Authority (ESMA), Read more