Jefferies Tells ESG Bosses to Keep Lawyers Close After Trump Win

ESG fund managers are being urged to keep their lawyers very close, after Donald Trump emerged as the winner of the US presidential race.

Trump’s return to the White House threatens to turbo-charge a years-long GOP assault on environmental, social and governance investing strategies. Investors intending to continue with ESG portfolios will need to ensure they understand the intricacies of the US legal system well, according to analysts at Jefferies Financial Group Inc.

“We’d encourage all ESG fund managers to have a lawyer on the team, or on speed-dial,” analysts led by Aniket Shah wrote in a note to clients ...