Significant number of Article 9 funds may need reclassification, study finds
Fund data provider FE Fundinfo analyzed the small print of 94,000 share classes or products, including 6,000 products sold as Article 9 strategies, and found that many of them may need to review their status.
Following a huge growth in the number of sustainable funds, concerns about greenwashing have been raised within the investment industry. A fresh analysis conducted by fund data provider FE Fundinfo suggests that more than one in four funds marketed as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR) are at risk of being stripped of their designation, reports Citywire Selector.
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