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Woodforest National Bank Seed Investor in Innovative Exchange Traded Fund Aimed to Reduce Racial Wealth Gap for Minority and Low-Income Families
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Whose Dollars Are These Anyway? Foundations Rethink Their Model
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Presented by Coalition for App Fairness
With Daniel Lippman and Zach Warmbrodt
VENUES STILL WAITING FOR CASH AFTER LOBBYING VICTORY: When the pandemic hit last year, concert and performing arts venues banded together to form the National Independent Venue Association, which spent months lobbying Congress to help them. They succeeded in December: Congress included a grant program for shuttered venues in the Covid relief.
Close
New EU regulations for administrators of sustainable funds, or those that invest based on financial, social, or governance (ESG) considerations, went into practice this week. These portfolio managers must also reveal specifics on how they spend. The EU s Sustainable Finance Disclosure Law, or SFDR for short, extends to all asset managers that collect funds in the EU, regardless of where they are based. As a result, the latest rules would have an effect on funds available to US investors.
(Photo : nattanan23 on Pixabay)
Greenwashing
The laws are intended to discourage greenwashing, or the marketing of funds that are merely superficially renewable. Capital managers in the EU must identify their funds as either non-sustainable, having assets with particular environmental or social characteristics, or contributing to a specific environmental or social target, among other things.