US Treasury bans ESG funds from appearing in “Trump accounts”

Comparing news, the US Treasury banned ESG funds from appearing in “Trump accounts.” According to reports, regulations that restrict ESG funds from being included in Trump accounts go hand in hand with other regulations that ensure that account investment options are inexpensive to ensure that investors retain more funds.

An ESG fund refers to a fund that not only considers the financial performance of an enterprise, but also incorporates the three types of environmental (environmental), social (social), and corporate governance (governance) factors into the screening criteria in investment decisions. ESG funds look not only at “whether the company can make money”, but also “whether the way the company makes money is sustainable and in line with social responsibility.” (Fox News)