Morningstar cops greenwashing fineBY KARREN VERGARA | FRIDAY, 1 DEC 2023 12:22PMASIC slapped Morningstar with a fine for allegedly exposing investors to controversial weapons companies after proclaiming that its environmental, social, and governance (ESG) policy strictly excludes such investments. Related News |
Editor's Choice
GSFM to distribute new strategy in Australia
Investment fund distributor GSFM has partnered with Alantra Asset Management to bring its €1.3 billion listed European small and mid-cap strategy (EQMC) to Australia.
Principal Finisterre launches new debt fund
Offered exclusively to institutional and wholesale investors, the new fund will focus on emerging market debt.
How super funds could better support members: Research
New research from TAL has identified several areas where super funds could better support members approaching retirement.
abrdn global chief executive steps down
The global chief executive of abrdn will step down at the end of June after four years in the top job.
Products
Featured Profile
Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
ASIC is taking an approach which puts them in the spotlight as a tough regulator. On balance they appear to be losing more court cases than they are winning at the moment.
So, for a self-identified and self-reported disclosure issue, Morningstar, much like a few of the other ones recently, gets dragged through the mud and ASIC gets a headline.
The regulators talk and talk about Risk Culture and fostering an environment of openness yet ASIC seems to be taking an approach which is contrary to all this. How many entities are now trying to find ways of not reporting given they know ASIC appears to have no tolerance for one-off minor breaches, which this appears to be?