More clarity needed over ESG-named funds

Wind turbines field
Esma’s proposed guidelines will be an important addition to the overall sustainable finance landscape in Europe (Photo: Alexander Droeger/Pixabay)

European asset managers need guidance on which fund names should be interpreted as suggesting a focus on sustainability considerations if they are to avoid greenwashing allegations.

Late in 2022, numerous funds in Europe set up under the coveted Article 9 – funds that explicitly focus on sustainable investments, ...

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