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HSBC AM joins rivals in downgrading Article 9 Paris-aligned climate ETFs

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HSBC Asset Management has become the latest ETF issuer to downgrade its Article 9 Paris-Aligned Benchmark (PAB) climate ETF range ahead of the introduction of ‘level 2’ of the Sustainable Finance Disclosure Regulation (SFDR) in January. The six-strong ETF range, with roughly $255m assets under management (AUM), will now be…

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