Lombard Odier Investment Management has reclassified nine Article 9 funds to Article 8, continuing a trend of asset managers downgrading their sustainable funds. A spokesperson said that the firm has adopted "a conservative approach" to the interpretation of sustainable investment under SFDR, after the regulator "made it clear" that Article 9 funds to be fully composed of sustainable investments. This approach "may prevent the inclusion of more neutrally-positioned investments essential for diversification, or some investments that may make a positive contribution but that may still b...
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