UK. Morningstar expects up to 300 funds to opt for sustainability label

Up to 300 funds are expected to assign themselves a sustainability label this year, as part of new rules from the UK’s financial regulator. In November, the Financial Conduct Authority (FCA) unveiled a labelling regime for investment products wishing to market themselves as considering environmental and social issues. It identifies four legitimate approaches, including targeting real-world impact and supporting companies that are transitioning to more sustainable practices. A report published today by research house Morningstar predicts that “about 300 UK open-...