More than 1,500 Article 9 funds at risk of losing status

clock • 2 min read
The European ESG Templates were created back in March as part of the latest amendments to the European Union's MiFID II regulations.  
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The European ESG Templates were created back in March as part of the latest amendments to the European Union's MiFID II regulations.  

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 ...

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