Nordea's active Article 9 fund "bleeding money" as competitor's index fund prevails

A long-held truism of ESG is being challenged by investors, namely the idea that the strategy is best-suited to active fund management.
Photo: Jens Dresling/Ritzau Scanpix
Photo: Jens Dresling/Ritzau Scanpix
By Frances Schwartzkopff / Bloomberg

For 11 of the past 12 quarters, clients have redeemed cash from actively managed funds registered as “promoting” environmental, social and governance goals, otherwise known as Article 8 under European Union regulations. 

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