PineBridge Investments has upgraded its Global Emerging Markets Corporate Bond fund SFDR rating, bucking the downgrading trend.
The fund will move from Article 8 to Article 9, and as a result of the upgrade it will be renamed PineBridge GEM SDG Corporate Bond fund. SFDR came into effect in March 2021 and has moved onto the next phase this month, with the implementation of level 2 rules. These aim to improve the reporting requirements for sustainable and ESG-labelled financial products. Article 9 funds, or 'dark green' funds, have sustainable goals as the objective. The 'light green' Article 8 funds are those that promote E or S characteristics, but do not have them as the overarching fundamental objecti...
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