Europe's effort to prod investors to the front lines of the climate change fight is hitting a snag: confusion over how to treat EUR 12.4tn of central government debt, the biggest slice of the bond market.
Asset managers will have to disclose next year the extent to which their funds are invested in what the European Union considers environmentally sustainable activities. But the green list doesn't address government services, leaving the regulators to debate whether the final disclosure requirement should exclude sovereign bonds from the outset.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from AMWatch
Financial house Nord Fondkommission has had its plug pulled by the Swedish FSA after a long investigation into its advisory services. The decision also has ramifications for all of the firm's affiliated agents, including one of Sweden's biggest robo-advisors. Nord is also a distributing partner of some of the country's best known fund managers.
Sustainable funds are all Swedish investors want to talk about, but a Schroders Global Investor Study of investors in 33 countries places them last when it comes to positive attitudes about only investing in sustainable funds. "This is indeed counterintuitive," says Henrik Jonsson, the manager's head of Nordics.