Carmignac revamps sub-fund range in light of ESG regulation update

Three funds moved to Article 8

Carmignac has made a number of changes to its sub-funds in response to new European regulatory guidance regarding ESG funds.

The amendments include three funds being reclassified as Article 8 funds rather than Article 9, and several others receiving new sustainability objectives.  The changes were posted to the fund house's website on 30 December and took effect on 1 January. Carmignac said in light of updated regulatory guidance, specifically the European Commission's Q&A, which provides further clarity on what is expected of an Article 9 fund, three of its sub-funds would be reclassified as Article 8. These are: Carmignac Portfolio Family Governed; Carmignac Portfolio Investissement; and Carmignac Port...