"5 % of Section 9 funds comply with regulations"

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Hortense Bioy (Morningstar): "In fact, there is nothing comparable between Article 9 funds.

Despite the wave of Section 8 downgrades, only 36 "dark green" funds out of a sample of 652 have sustainable portfolios at 100 %, notes Hortense Bioy, global director of sustainability research at Morningstar in this interview. Pending regulatory clarification, asset management companies are practicing arbitrary optimizations....

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