AllianceBernstein (AB) will adopt the regulator's 'Sustainability Focus' label under the Sustainability Disclosure Requirements (SDR) on two of its equity funds at the eleventh hour.
Today (2 April) marks the extended deadline for the naming and marketing rules for company's to get their sustainable branding in check. The original cut off point was 2 December 2024, but the Financial Conduct Authority added a four month grace period following industry feedback about the lengthy application process. Regarding AB's new labels, these will be applied to the SVS AllianceBernstein Sustainable Global Equity and SVS AllianceBernstein Sustainable US Equity funds, effective immediately. Investors in the fund will be notified of the changes in the prospectus "in the near f...
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