‘Lack of taxonomy harmonisation leads to fragmentation’
The sustainable fund market in Luxembourg and other European fund domiciles has continued its strong growth of recent years, but the short-term impact of the Ukraine war has already disrupted the move to a green future. Still, positive developments are expected in the longer term. The latest updates were set out in the 2022 edition of the European Sustainable Investment Funds Study by Zeb and Morningstar on behalf of the Association of the Luxembourg Fund Industry.
Green funds: ‘omission’ in AIFMD2 to hurt impact funds
Alarmed efforts by European green and microfinance fund providers, led by Dutch firms Triodos and ASN, to get the European Commission to rectify what looks like an omission in its proposed investment fund legislation risk being dismissed as “small beer” and may be overlooked. “We have to keep making noise.”