FYI: As sustainable investing becomes more mainstream—and embraced by mainstream active managers—it’s evolving. Like all evolution, it’s accompanied by tension and an explosion of creativity.
Wellington Management, the venerated $1 trillion money manager, has increasingly become a behind-the-scenes force in sustainable investing. The firm subadvises two of three funds for Domini Investments, one of the pioneers of socially responsible investing. And it was recently tapped to expand its longstanding relationship with Vanguard Group, which has launched its first actively managed fund that incorporates environmental, social, and governance criteria into its stock-picking; Wellington will subadvise the fund.
Regards,
Ted
https://www.barrons.com/articles/how-wellington-is-reshaping-its-esg-investing-51555710279?mod=djem_b_Weekly barrons_daily_newsletter
