BlackRock Inc. will ditch investments with high sustainability-related risk as climate concerns drive a sweeping change in the way the world’s largest asset manager invests its $7 trillion in assets. […] Activists have been calling on BlackRock to do more around the climate crisis. […] Operating in more than 30 countries, and as one of

The EU’s nascent sustainable funds label has been amended after being described as ‘too ambitious and not achievable’ […] The Ecolabel is an existing EU certification awarded to a range of products which meet high environmental standards aimed at end consumers. The scheme is being extended to include financial products for the first time to

The Danish financial regulator, the FSA, and its Norwegian counterpart Finanstilsynet, stated that the increasing supply of investment products marketed as sustainable can increase the risk of greenwashing, meaning products could be marketed as green without living up to the name. The FSA said that this calls for the tightening of supervisory efforts, in order

Closing Speech by Guillaume Prache at the Sustainable Value for Money Conference on 20 November 2019 — Download the PDF version here — BETTER FINANCE strongly supports the ambitions, the strong focus and considerable efforts of the EC with respect to sustainable finance. In particular: The so called “taxonomy” which we ask to be fact

J.P. Morgan Chase is launching a digital investing service called “You Invest Portfolios”. For an annual fee of 0.35% of assets, or 35 basis points, J.P. Morgan will put users into an investment portfolio made up of the bank’s exchange traded funds, or ETFs. While the fee is in line with its rivals, by waiving

Already back in 2014 BETTER FINANCE denounced the practice of closet indexing. It launched a campaign against those funds that claim to be “actively” managed but that are in fact merely following market indices, although they charge much higher fees than low cost index-tracking funds such as ETFs. The distribution of such funds as “active”

Investors have pulled an average of £3.5bn a month from active funds since Mifid II rules highlighted the extra cost of active management to fee-pressured advisers. […] The Mifid rules introduced at the beginning of 2018 made it mandatory for advisers to break down costs for their clients periodically in the interest of greater transparency

For the fourth year in a row BETTER FINANCE took a closer look at the emerging robo-advisory business from the perspective of individual investors and savers. This year 16 platforms found their way into the study: 11 platforms from EU countries and 5 from North America. In addition, we compared the results obtained from this

For years now BETTER FINANCE has been calling for Capital Markets to be returned to their natural participants: European households and EU Citizens as individual long-term savers and investors. Robo-advice could pave the way for their return, provided the platforms abide by EU investor protection rules and comply with basic requirements such as fair, transparent,