The US Securities and Exchange Commission has proposed two new rule changes that aim to prevent greenwashing in ESG funds. The regulator voted yesterday (25 May) to issue a proposal that would broaden the SEC's fund naming rules, while the other would increased disclosure requirements for ESG funds. The SEC already holds that if a fund's name suggests a focus on particular industries, geographies or investment types, it has to invest at least 80% of its portfolio in those assets. Yes...
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