Questions over 'S' in ESG bond funds as AUM approaches $450bn in 2021

Members of the fixed income community were quick to defend the sector, arguing not all should be tarred with the same brush. However, they acknowledged there is a long road ahead when it comes to determining the ESG status of the market.  In August, a Financial Times investigation revealed asset managers' holdings of government bonds of certain countries such as Belarus. Meanwhile, The Times covered an investigation by SCM Direct which found multiple examples of misleading ESG-labelled bond funds.   Sign up for PA's ESG Roadshow Prior to these revelations investors had poured $62.5...