Department of Labor Reissues Rules on Fiduciaries Investing in "Economically Targeted Investments" l JDSUPRA Business Advisor
By Jordan Schreir, November 2, 2015
- The Department of Labor (DOL) has clarified the fiduciary implications of an employee benefit plan investing in so-called “socially responsible investments,” sometimes referred to as “impact investments” or “economically targeted investments,” in a new Interpretive Bulletin released October 22, 2015. The bulletin refers to investments that are selected not solely because of their risk and return characteristics, but also because of some perceived collateral economic or social benefit the investment will produce.
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