SIF 2023: Asset managers 'more worried than ever' about greenwashing

Bioy said only 18 European Article 9 funds launched in the first quarter of this year, a decline on the previous two years when at least 40 Article 9 funds launched in each period. She said this could partly be attributed to the poor macroeconomic environment and general market sentiment, but ultimately the "slowdown in product development" could be somewhat due to greenwashing fears. SIF 2023: 'Performance is a red herring' Bioy also credited fears around greenwashing to the "wave of reclassification" from Article 9 to Article 8 at the end of last year; however, she said: "We now ...