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Fifty shades of green: EU sustainable fund rules muddy the waters

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By Tommy Wilkes LONDON (Reuters) – If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice. But you may end up owning shares in oil companies, mining conglomerates or tobacco firms. A Reuters analysis of funds marketed to retail investors increasingly hungry for anything green shows asset managers are adopting a wide range of strategies to justify the sustainable label since the EU brought in disclosure rules in March. The EU’s Sustainable Finance Disclosure Regulation (SFDR) is an attempt to deliver transparency for investors focused on …

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