SEC investigating Goldman Sachs AM over ESG claims - reports

The US agency is examining ESG funds within the bank's asset management arm as part of a civil investigation, according to two people familiar with the matter who spoke to the Wall Street Journal. The asset manager has at least four funds that are described as ‘clean energy' or ESG, after it rebranded its Blue Chip fund to the US Equity ESG fund in June 2020. The reports mentioned that the probe could end without formal enforcement action. Regulators have increasingly intensified their scrutiny of sustainable funds as their popularity has risen, with the SEC launching an ESG task f...