Funds

Review of manager alignment with guiding principles finds some progress, but improvements needed on stewardship and 'unexpected' ESG fund holdings.

The Managed Funds Association calls on financial watchdog to learn from EU, following European Commission's consultation on SFDR regulations.

The award winners will be announced at RI USA in New York on 15 November.

AFM calls for Article 8 and 9 abolition and proposes three fund labels, as well as mandatory adverse impact reporting for all products.

Government calls for feedback on strategy, which also covers regulation and disclosure, greenwashing and transition plans.

The latest developments in sustainable finance: FRC publishes materiality guidance; French NGOs push for new fossil fuel exclusion in SRI label.

It comes as several of the labels have undergone revisions or announced plans to draft new frameworks with stronger criteria.

The group's head of EU policy calls for more detail on enforcement, warns about lack of DNSH requirements, taxonomy alignment at conference.

The latest developments in sustainable finance: EP adopts green bond standard; Mirova expands gender fund to cover broader DE&I.

The latest developments in sustainable finance: No common companies in climate funds aligned with 1.5C, says Morningstar; Estonian government approves adoption of ESRS.