Carmignac has made a number of changes to its sub-funds in response to new European regulatory guidance regarding ESG funds.
The amendments include three funds being reclassified as Article 8 funds rather than Article 9, and several others receiving new sustainability objectives. The changes were posted to the fund house's website on 30 December and took effect on 1 January. Carmignac said in light of updated regulatory guidance, specifically the European Commission's Q&A, which provides further clarity on what is expected of an Article 9 fund, three of its sub-funds would be reclassified as Article 8. These are: Carmignac Portfolio Family Governed; Carmignac Portfolio Investissement; and Carmignac Port...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
