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FIF 2024: Half of Article 8 funds target less than 10% of sustainable investments
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Speaking at Investment Week's Future of Investment Festival today (5 June), Hortense Bioy, director of sustainable research and global manager research at Morningstar, revealed that the vast majority of Article 8 funds in Europe target as little as 10% in sustainable investments. This compared to around 90% for Article 9 funds. As a result, the different definitions of what sustainable investment is have also resulted in greater exposure to fossil fuels among both Article 8 and 9 funds, according to Bioy. At the same time, they tend to be less involved in controversial activities –...
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