Europe’s Strictest ESG Funds Hit by Record Outflows ...Middle East

Poor returns prompted investors to withdraw record amount of money from the EU’s funds with the strictest ESG standards, a report by market research firm Morningstar has shown. The EU’s Sustainable Finance Disclosure Regulation (SFDR), adopted in 2021, regulates and classifies funds according to their sustainability. The so-called Article 8 funds are registered as “promoting” ESG goals, while the “greenest” funds, the Article 9 products, are those funds that have sustainable investment as their objective. In…

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