Industry commentators are divided on whether there will be further downgrades of Article 9 funds ahead of the next wave of European regulation in January, following the recent spate of reclassifications, while the onus will be on fund providers to make any "downgrade details clear" in order to avoid mis-selling accusations. In recent weeks, Amundi, BlackRock, Axa, Invesco, NN Investment Partners, Pimco, Neuberger Berman, Robeco and Deka have all downgraded ‘dark green' Article 9 funds to ‘light green' Article 8 status in preparation for the European Union's next Sustainable Finance Discl...
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28 November 2024
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3 min read
