HSBC AM downgrades seven Article 9 Paris-aligned ETFs

Downgraded to Article 8

Elliot Gulliver-Needham
clock • 1 min read

HSBC Asset Management has dropped the Article 9 label from seven of its regional Paris-aligned ETFs, instead categorising them as the ‘lighter green’ Article 8 under the EU’s SFDR.

In a notice to shareholders, the firm said that it was "in the best interests of investors" for the label to be dropped, "pending further regulatory clarification" on the categorisation of funds that track Paris-aligned benchmarks. The ETFs changed include the firm's Paris-Aligned ETFs with regional focuses on Europe, Japan, USA, Asia and emerging markets, as well as its global one. The change will be effective from 1 December and HSBC stressed that this was a re-categorisation for SFDR purposes only. It added: "There is no change to the investment objective or investment policy of...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ETFs

SSGA delists five ETFs from European exchanges to concentrate liquidity

SSGA delists five ETFs from European exchanges to concentrate liquidity

Borsa Italiana, Euronext Paris and LSE

clock 10 April 2024 • 1 min read
Fidelity Investments imposes fee penalty on ETF investors for non-compliant issuers

Fidelity Investments imposes fee penalty on ETF investors for non-compliant issuers

Nine providers could be affected

clock 09 April 2024 • 1 min read
BlackRock launches two active iShares ETFs in Europe

BlackRock launches two active iShares ETFs in Europe

Listed on Euronext Amsterdam and Xetra

Cristian Angeloni
clock 26 March 2024 • 1 min read
Trustpilot