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SFDR Article 8 and Article 9 Funds: Q4 2023 in Review

Since the European Union's Sustainable Finance Disclosure Regulation came into force in March 2021, asset managers have been required to provide more information on the sustainability risks and impact of their investment products sold in the EU.

Amid persistent macroeconomic pressures, including high interest rates and slowdown in some of the largest economies, the fourth quarter of 2023 saw significant changes in the fund industry. Article 8 funds experienced the largest quarterly outflows on record, while Article 9 funds saw their first quarterly outflows. Passive funds sustained positive momentum, while actively managed funds drove the outflows. This suggests a growing preference for passive investment approaches.

This report provides an update on the landscape of Article 8 and Article 9 funds at the end of December 2023, examining aspects such as flows, assets, product launches, fund reclassifications, sustainable investment targets, and other data from the European ESG Template, or EET.

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SFDR Article 8 and Article 9 Funds: Q4 2023 in Review

What's Inside

  • An overview of Article 8 and Article 9 Fund Universe
  • An analysis of the funds that altered their SFDR status
  • A closer look at Article 8 and Article 9 funds through the lens of the European ESG Template

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