Do ESG funds live up to their marketing promises? One Watchdog takes another look

Fund managers peddling ESG products in Europe may want to take another look to ensure that what they’re selling actually lives up to their marketing promises.

Qblue Balanced's Bjarne Graven Larsen, Morningstar's Hortense Bioy and Nordea's Snorre Storset. | Photo: PR / Qblue, Morningstar and Nordea

By Frances Schwartzkopff / BLOOMBERG

The European Securities and Markets Authority (ESMA) said last Friday in a report that it has observed a “mismatch” between what fund managers are telling ESG clients, and their actual allocation strategies. That’s as Morningstar removes the ESG label from over USD 1trn in investment funds it says don’t meet adequate environmental, social and governance standards.

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Do ESG funds live up to their marketing promises? One Watchdog takes another look

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Asset managers approach Article 8 and 9 differently as fear of greenwashing looms large

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Sign up for our newsletter

Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

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New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

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Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager

Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn

New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager