'The great reclassification' strikes Article 9 funds as second SFDR phase approaches

January 2023

Beth Brearley
clock • 7 min read

Industry commentators are divided on whether there will be further downgrades of Article 9 funds ahead of the next wave of European regulation in January.

The question has been raised following the recent spate of reclassifications, although the onus will be on fund providers to make any "downgrade details clear" in order to avoid mis-selling accusations. More than 1,500 Article 9 funds at risk of losing status In recent weeks, Amundi, BlackRock, Axa, Invesco, NN Investment Partners, Pimco, Neuberger Berman, Robeco and Deka have all downgraded ‘dark green' Article 9 funds to ‘light green' Article 8 status in preparation for the European Union's next Sustainable Finance Disclosure Regulation deadline, in what is being dubbed ‘the great r...

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


More on ESG

Katrina Lloyd (pictured), editor-in-chief of Investment Week

SDR has consumer at its heart but adviser role is now key

Next stages for the regulator

Katrina Lloyd
clock 28 November 2023 • 4 min read
In her new role, Archer will report to Phoebe Stone, head of sustainable investing at LGT.

LGT Wealth Management cements stewardship push with global lead appointment

Siobhan Archer

James Baxter-Derrington
clock 28 November 2023 • 1 min read
The study also found that some 45% of managers have no staff at all dedicated to stewardship and engagement.

Asset managers slow hiring of stewardship and engagement staff

Tightening labour markets

Valeria Martinez
clock 22 November 2023 • 2 min read