T. Rowe Price has removed the ‘responsible’ label from 26 funds within its SICAV range.
A spokesperson for T Rowe Price told Investment Week the firm had reclassified 26 funds from Article 6 to Article 8 under SFDR from 1 October. The name change was done to "better align with the market standards for funds classified as Article 8", the spokesperson said. With 50 Article 8 funds as part of its range, the change now classifies 79% of the firm's SICAVs as Article 8, compared to 15 Article 6 funds and one Article 9 fund. Aviva and LGIM among firms calling for gender-smart climate finance at COP27 The new Article 8 funds have now formally committed to investing at leas...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
