TwentyFour Transitions Fund to Article 9

TwentyFour Asset Management, the fixed income subsidiary of Swiss investment management group Vontobel, has upgraded one of its funds to Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR). The group said it had taken a deliberately conservative approach under SFDR guidelines, and that the upgrade stood in contrast to the wave of fund downgrades that swept across 2022 and 2023. “Our fund range has been carefully constructed to provide a true diversity of opportunity to our client base, with each fund analysed according to its specific strategy, rather than imposing a homogenous ‘Article 9 approach’ to fund classifications,” said TwentyFour Portfolio Manager Chris Bowie. The vehicle, which has a sustainable investment focus, targets the securities of issuers who contribute to the Paris Agreement’s goal to keep the global average temperature increase under 2°C above pre-industrial levels. “This marks the first Article 9 classification of a fund by TwentyFour, [as] our focus has been on continuing to build out ESG capabilities and embed them throughout our investment process,” said Bowie. “We look at ESG risks in the same way we do any other risk to our clients’ investments, but we also recognise that these are some of the biggest risks facing our world today and they will likely have a big impact on long-term returns.”

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