Over 1,500 Article 9 funds are at risk of losing their designation, according to an analysis of European ESG Templates (EETs) data received by FE fundinfo.
Of the 6,000 Article 9 fund EETs that FE fundinfo received as of the end of August, the vast majority of funds had left the minimum investment in sustainable investment blank, while 663 set a minimum level of 0%, and another 780 between 0.1% and 85% in sustainable investments. 79 Article 9 funds reported to have 100% as the minimum investment in sustainable investments, with a further 168 setting a minimum of 90%. In June, the EU financial regulators reminded asset management firms of last year's ruling from the European Commission that Article 9 products "should only make sustainab...
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