ESG - Big Finance's Latest Fad Implodes, Dim Sum Bonds, Russia's GDP Overtaking Germany
This week, the lads are looking at ESG - Environment, Social & Governance. For years now, companies have been pushing the idea that an 'ESG Score' could be a profitable guide to investing. Yet this latest mind virus for the finance community has produced scrappy results. Now, with Blacrock and Standard & Poor dropping it in the face of tightening markets, Philip Pilkington looks back on the evolution of a fad.
In Hong Kong, a little-known investment vehicle allows foreign companies to raise funds in Chinese Currency. Recently we learned that the quantity of 'Dim Sum Bonds' has gone up…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.