🧵 1. SEC tightens rules to align fund names with portfolio. Could impact 75% of US investment funds managing trillions in assets. #finance
🧵 1. SEC tightens rules to align fund names with portfolio. Could impact 75% of US investment funds managing trillions in assets. #finance
🧵 2. New rule broadens scope to include thematic funds like growth, ESG investing. Aims to prevent misleading names and greenwashing practices.
🧵 3. Funds required to perform quarterly review to ensure 80% asset compliance. Noncompliance gives 90 days to report. Big funds have 24 months, small funds have 30 months to comply.
🧵 4. Supporters believe it will crack down on misleading claims in ESG funds. Critics, including fund associations, argue against the changes.
🧵 Read more at: https://www.investopedia.com/sec-tightens-rules-to-ensure-a-funds-name-accurately-represents-its-portfolio-7972336
Oh i see