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DOL Liberalizes Rules for Economically Targeted Investments
Kilpatrick TownsendLink to more items from this source
[Guidance Overview]
Oct. 26, 2015
"IB 15-01 reflects that the DOL of the Obama administration believes the DOL of the Bush administration went too far by suggesting that additional fiduciary processes are required before investing in an ETI.... IB 2015-1 does not greenlight ETIs.... But it does make clear that fiduciaries should not be at greater risk for investing in funds that are constructed by non-economic criteria when the fiduciary has determined the funds are prudent investments under economic criteria."

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