Watch out for equity gambles in the guise of ESG investment4 min read 15 Jan 2023, 10:31 PM IST
Letting appealing but unproven ideas form a portfolio is a gamble.
Last year, the UK’s Financial Conduct Authority issued a warning about investment apps: The “game-like elements" some of them have— badges, points, leader boards, fun post-trade messages—might contribute to “problematic, even gambling-like, investor behaviour." There’s new legislation on its way, it said, so firms relying on gamification to get trading going might want to review what they did.
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