The Trump Administration wants to make it more difficult for managers of retirement plans to invest in funds guided by environment, social and governance criteria (ESG) by forcing them to “always put economic interests ahead of ‘non-pecuniary’ goals.” This proposed change could force fund managers “to prove they selected investments based only on economic criteria,” adding a new layer of red-tape that may make ESG investments less attractive to retirement fund managers. “This is utterly out of step with where investors are going.”

Read full story on: Bloomberg