U.S. Treasury bars ESG funds from Trump accounts

The U.S. Treasury Department has prohibited ESG funds from appearing in Trump accounts, while introducing other rules intended to keep account investment options inexpensive so investors retain more of their money. ESG funds (investments screened for environmental, social and governance factors) assess not only a company’s financial performance but also the sustainability and social responsibility of how it operates. Fox News reported that concerns over political activism were cited in connection with the restriction.

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