New regulations governing sustainable investing in the European Union could affect U.S. investors soon.
This week, new EU rules took effect for managers of sustainable funds—or those that invest according to environmental, social or governance (ESG) considerations. Now these fund managers must report specifics of how they do their investing. The EU’s Sustainable Finance Disclosure Regulation, or SFDR for short, affects all asset managers that raise money in the EU, even if they are not based there. That means the new regulations have implications even for those funds offered to U.S. investors.
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