What the European ESG Template tells us about the UK sustainability fund market

From early August onwards fund distributors were forced to assess a client's sustainability preferences under MIFID II in the EU. As with other regulations, the FinDatEx group defined an industry standard for data transfer across the different stakeholders. As of the end of August, more than 90,000 share classes across more than 280 fund managers reported their sustainability information in this data format. This also includes a broad range of funds that are actively sold in the United Kingdom. While the UK market is still awaiting more details from the FCA on its own sustainability dis...