Responsible investors react as Morningstar strikes 1,200 funds from its sustainable universe

clock • 2 min read
Responsible investors react as Morningstar strikes 1,200 funds from its sustainable universe

Last week, reports revealed Morningstar had removed over 1,200 funds totalling assets of $1.4trn from its European sustainable universe list, after a review of disclosures provided to investors in annual reports and prospectuses was carried out. The data provider targeted funds with sustainability-linked fund names and those with objectives listed in Key Investor Information Documents (KIIDs) relating to ESG. Five funds ejected from ii Super 60 following Morningstar makeover It follows...

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