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SFC expands list of funds meeting ESG disclosure

Nine funds were added on the list, six of which are managed by Pictet Asset Management.
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First published in late-December by Hong Kong’s Securities and Futures Commission, the list of ESG-approved funds includes products that meet new ESG disclosure requirements aimed at countering greenwashing. At the time, there were 21 products listed on the regulator’s website.

These disclosure requirements include the fund’s key investment focus, ESG analysis and evaluation methodologies and what the firm believes to be relevant “green” or ESG criteria. The requirements were set out by the regulator in April last year.

“Although most funds [evaluated] have named the green or ESG factors in their investment objective or strategy, a majority of these funds do not specifically disclose how the management companies incorporate such green or ESG factors in their investment selection process,” the SFC said at the time.

The list now includes nine more mutual funds that comply with the new regulations, according to SFC’s website, which was updated in late-March.

Of the nine products, six are managed by Pictet Asset Management, making it the firm to have the most number of ESG-approved funds. Other mutual fund managers that have joined the list are Franklin Templeton and Hang Seng Investment Management.

An ETF was also added for the first time, which is Mirae Asset Global Investments’ Global X China Clean Energy ETF – a product that was just launched in January.

“The list of green and ESG funds does not constitute an official recommendation of these products or a guarantee of their green or ESG attributes or related performance,” the SFC notes on the website.

Funds passing the SFC’s ESG disclosure filter

Funds added in February
Franklin Templeton Templeton Global Climate Change Fund
Hang Seng Investment Management Hang Seng Corporate Sustainability Index Fund
Pictet Asset Management Pictet – Clean Energy
Pictet – Global Environmental Opportunities
Pictet – Nutrition
Pictet – SmartCity
Pictet – Timber
Pictet – Water
Mirae Asset Global Investments Global X China Clean Energy ETF
Funds added in December
Alliance Bernstein Sustainable US Thematic Portfolio
Sustainable Global Thematic Portfolio
Allianz Global Investors Allianz Emerging Markets SRI Bond
Allianz Emerging Markets SRI Corporate Bond
Allianz Global Credit SRI
Allianz Global Sustainability
Allianz Green Bond
Amundi Amundi HK – Green Planet Fund
BNP Paribas Asset Management BNP Paribas Funds Aqua
BNP Paribas Funds Global Environment
BNP Paribas Funds Green Tigers
Blackrock ESG Multi-Asset Fund
Sustainable Energy Fund
Fidelity Fidelity Funds – Sustainable Strategic Bond Fund
HSBC Global Asset Management HSBC Global Investment Funds – Global Equity Climate Change
HSBC Global Investment Funds – Global Lower Carbon Bond
HSBC Global Investment Funds – Global Lower Carbon Equity
Janus Henderson Horizon Fund – Global Sustainable Equity Fund
Jupiter Asset Management Jupiter Global Ecology Growth
Schroders Global Climate Change Equity
Global Sustainable Growth
Source: SFC

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