Due Diligence
The American Airlines ESG Fiduciary Case Exposed The Problem With Mandated Proxy Voting (And More)
Herein lies the potential for a direct conflict of interest. This applies generally to all proxy voting in commingled portfolios.
Does The American Airlines ESG Fiduciary Case Suggest The End Of Active Management?
Since actively managed funds have lagged index funds, does this case put their continued use in ERISA plans at risk?
Should The American Airlines ESG Fiduciary Case Be Dismissed?
On the face of it, American Airlines seemed to follow its documented process. So, what did the company do wrong?
401k Plan Sponsors Must Be Wary Of Fiduciary Liability Associated With Bitcoin ETFs
Plan sponsors need to think about it in these terms: Does it make sense to have a pork-belly ETF on a 401k investment menu? How about orange futures?
The Dirty Secret About Collective Investment Trusts They Don’t Tell You
CITs can only be offered within the confines of a trust relationship. That means the plan itself might be structurally different than one that has an investment menu limited to mutual funds.
Fiduciary Split Decision: Are Separately Managed Accounts (SMAs) In The Best Interest Of 401k Retirement Savers?
“They can benefit from something more tailored to their unique circumstances, particularly as they are approaching certain key inflection points in their working lives or key financial decisions they have to make or key life events. Therefore, what we’ve been seeing in the retirement plan industry is this emphasis on retirement plan services.”
How Stock Pickers Incorporate (Or Don’t) ESG And Stay Within Their Fiduciary Duty To Clients
While this might ruffle the feathers of ESG activists, those responsible for the day-to-day work of picking stocks have the real-world experience to fully understand where Buffett is coming from.
Is ESG Investing A Problem For Fiduciary Duty?
The Biden Rule, like the Trump Rule, does not encourage or discourage the use of ESG criteria when selecting investments. This allows fiduciaries to either adopt ESG principles or ignore them.
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