Responsible Investing

Mass ESG fund downgrades that rocked market may be reversed

Passive funds that went from Article 9 to Article 8 under the EU’s SFDR could potentially be upgraded after the commission declares the regulation ”neutral” on financial product design.
The downgrading of many sustainable Article 9 funds may have been unnecessary. | Photo: Lucas Vallecillos/AP/Ritzau Scanpix
The downgrading of many sustainable Article 9 funds may have been unnecessary. | Photo: Lucas Vallecillos/AP/Ritzau Scanpix
By Frances Schwartzkopff, bloomberg

A mass wave of downgrades that shocked investors as they watched Europe’s top ESG designation get stripped from almost USD 200bn may now be reversed.

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