There are growing concerns environmental, social and governance (ESG) products are being mis-sold to investors, according to a report by research house Cicero.
The report found 97 of the 100 independent and restricted financial advisers surveyed said they were either "very concerned" or "fairly concerned" about the potential for ESG products to be mis-sold to them. Furthermore, a third (31%) of respondents said they wanted "clearer, more consistent, and transparent product labelling", highlighting the need for ESG providers to show what is under the bonnet of their funds. Commenting on the report, EdenTree Investment Management head of responsible investment policy and research Neville White said there is a "strong risk" of product mis-sell...
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