Sustainability

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PRI: Assessing the ‘S’ in ESG

Policymakers worldwide are enacting laws and guidelines that give investors what they need to discover the risks and opportunities social issues present – and funds are already taking advantage.

Locking up capital has pros and cons

In theory, closed-end funds should outperform over long horizons – they can avoid forced sales. But in practice, lack of monitoring and alignment can lead to agency costs and underperformance.