Asset managers lending to short-sellers can be ethical - study
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HONG KONG (Reuters) - Asset managers lending out of their securities can be compatible with investment on environmental, social and governance (ESG) principles, an industry body said on Thursday, adding it was working on drawing up guidelines.Owners of shares or other securities can lend them, for a fee, to other investors who wish to hold them temporarily to short the stock, or for other purposes, such as hedging.Often highly profitable for the lenders, opponents of the practice say it can..