Article 8 assets decline as product development holds steady

183 Article 8 and 9 launches

clock • 1 min read
Total Article 8 and Article 9 assets declined to €4.2trn.
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Total Article 8 and Article 9 assets declined to €4.2trn.

Funds with the Article 8 SFDR designation lost €30.3bn in the second quarter of 2022, though product development remained level with an estimated 183 fund launches across Article 8 and 9, according to a Morningstar report.

Flows into Article 9 'dark green' funds remained positive over the quarter, as investors poured €5.9bn into vehicles with the designation, though total Article 8 and Article 9 assets declined to €4.2trn amid volatile market conditions. Their market share has now surpassed 50%, Morningstar's analysis found. In the last quarter, over 700 products changed SFDR status, with the majority upgrading from Article 6 to 8. The EU introduced SFDR to the financial industry over 16 months ago, which requires asset managers to disclose information on the ESG risks of their investments and their imp...

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