abdrn converts three funds to Article 8

$2bn Asia Pacific Equity fund

abdrn is aligning three equity funds with the SFDR Article 8 designation, including its flagship $2bn Asia Pacific Equity fund.

The Scottish investment house is converting its Asia Pacific Equity fund, to be renamed the Asia Pacific Sustainable Equity fund, alongside its North American Smaller Companies and Global Innovation Equity funds. The move follows conversions of 24 SICAV equity and fixed income funds to Article 8 in April. It will result in a broader screening process and remove poorly rated ESG companies from each investment universe. The funds will include specific ESG targets and aim for lower carbon intensity than their benchmarks. Devan Kaloo, global head of public markets at abrdn, said: "We are ...