Watson Wyatt’s analysis of the world’s largest asset managers by investment style, assets and domicile.
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Regulation
Vanguard fined $12.9m for poor screening of ESG fund
Vanguard Australia has been fined $12.9 million for making misleading claims about the ESG screening for its Ethically Conscious Global Aggregate Bond fund. The judge in a case brought by ASIC noted that almost three-quarters of the securities in the fund by market value had not been researched or screened against ESG criteria.
Chris DastoorSeptember 25, 2024
