Media: BlackRock and UBS AM to downgrade EUR 21bn worth of Article 9 ETFs

The wave of SFDR reclassifications of funds just hit a whole new level, according to financial media.

UBS Asset Management will be downgrading several Article 9 index-tracking funds, according to media reports. | Photo: ARND WIEGMANN/REUTERS / X90184

BlackRock and UBS Asset Management are expected to reclassify their entire offering of ETFs that incorporate the two EU climate benchmark methodologies - the Paris-aligned benchmark (PAB) and the climate transition benchmark (CTB), writes ETF Stream.

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