SFDR Article 8 and Article 9 Funds: Q3 2025 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.

In the third quarter of 2025, Article 8 funds netted an estimated EUR 75 billion of net new money, an increase from the EUR 47 billion inflows seen in the prior quarter.

This report provides an update on the landscape of Article 8 and Article 9 funds, examining aspects such as flows, assets, product launches, and fund name changes following the implementation of the ESMA fund naming guidelines. We also analyse seven categories of funds based on the ESG-related terms used in their names (“sustainable”, “ESG, “SRI”, “environmental”, “transition”, “impact, and “social”)..