ASIC accuses Vanguard of greenwashing in $1b-plus bond fund
Hannah WoottonReporter
The corporate watchdog has accused fund management giant Vanguard of misleading investors in its $1 billion-plus ethical bond product about the sustainability of its assets.
The Australian Securities and Investments Commission, in its second major greenwashing case this year, alleges Vanguard had not screened out certain investments by the bond fund against ESG criteria as promised.
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