Danish FSA puts its foot down over passive funds: Sustainable products must invest sustainably

Passively managed funds must be just as sustainable as actively managed funds, says the Danish FSA, after oil was discovered in several index offerings.

by simon lund christiansen, translated by catherine brett

"Dark green" Article 9 funds are sustainable, and their investments must be, too, the Danish FSA (Finanstilsynet) confirms to AMWatch's sister media FinansWatch. Even if a fund invests passively, the provider cannot hide behind a benchmark and claim it makes it green.

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Danish FSA puts its foot down over passive funds: Sustainable products must invest sustainably

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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

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Nordic institutional investors still see potential in beleaguered Swedish battery producer

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