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Top Republicans have declared Trump to be the GOP's presumptive nominee. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . There's also some budding pressure for Trump to make his pick, so Republicans can turn their focus toward the general election. Then again, many Republicans who expressed outrage during the siege of the US Capitol have later come around to endorsing Trump.
Persons: Trump, MAGA, , Donald Trump, Nikki Haley, She'll, There's, Mike Pence, Pence, John Nance Garner, FDR's, Here's Organizations: Republicans, Service, Trump, Indiana Gov, GOP, Capitol, White Locations: New Hampshire
Europe's ESG funds suffer more outflows - Morningstar
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +2 min
Investors pulled 20.5 billion euros ($21.7 billion) from funds in the European Union's lower sustainability classification, while net inflows into the higher classification were their lowest since early 2021, the Morningstar report said. U.S sustainability funds are also struggling. Morningstar data on Tuesday showed managers closing funds faster than they opened new ones in the third quarter. Investors exited U.S. funds in general in the period but sustainable funds fared worse, registering their fourth consecutive quarter of outflows. In Europe, ESG funds launches totalled 126 in the third quarter, down 31% from the second quarter, Morningstar said.
Persons: Morningstar, Tommy Reggiori Wilkes, David Evans Organizations: Investors, Investment, Sustainable, Morningstar, Thomson Locations: outflows, Europe, U.S
The SFDR defines sustainable investment as contributing to "an environmental or social objective", assessed by indicators such as use of raw materials or production of waste. The people Reuters spoke to said discrepancies among fund portfolios reflected a lack of clarity from the Commission over what constitutes a sustainable investment. Reuters GraphicsReuters GraphicsTEMPERATURE GAUGEMSCI, the finance industry data provider, has developed a way of checking on investment funds' green credentials with its ESG Implied Temperature Rise tool. Among them, for example, are BlackRock's Sustainable Energy Fund, Nordea's Global Climate and Environment Fund and Pictet's Global Environmental Opportunities Fund. "The characterisation of what constitutes a sustainable investment under the SFDR is also a concept that needs further clarifications at European level."
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