SFDR Regulation (Level 2): What Impact on the Performance of Sustainable ETFs?

The paper analyses the effect of Sustainable Financial Disclosure Regulation (level 2) on sustainable ETFs. First, we compare the financial performance of two samples of ETFs classified according to article 8 and those that have been downgraded from art. 9 to art. 8 of the SFDR regulation. Second, we analyze the performance of downgraded ETFs following the entry into force of SFDR level 2. Our results highlight that the funds classified as art.9 showed significant differences in performance compared to those under art. 8 and the downgrade process significantly affected the performance of the ETFs analyzed.

Authors

Publication Details

Journal
International Journal of Financial Research
Published
2024-10-06
DOI
https://doi.org/10.5430/ijfr.v15n4p10
Primary Topic
Climate Change Policy and Economics
Type
article
Field-Weighted Citation Impact
0.00
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article

SFDR Regulation (Level 2): What Impact on the Performance of Sustainable ETFs?

Manuela Massari, Valeria Roncone
International Journal of Financial Research
Climate Change Policy and Economics
article

SFDR Regulation (Level 2): What Impact on the Performance of Sustainable ETFs?

Manuela Massari, Valeria Roncone
article en

Abstract

The paper analyses the effect of Sustainable Financial Disclosure Regulation (level 2) on sustainable ETFs. First, we compare the financial performance of two samples of ETFs classified according to article 8 and those that have been downgraded from art. 9 to art. 8 of the SFDR regulation. Second, we analyze the performance of downgraded ETFs following the entry into force of SFDR level 2. Our results highlight that the funds classified as art.9 showed significant differences in performance compared to those under art. 8 and the downgrade process significantly affected the performance of the ETFs analyzed.

International Journal of Financial ResearchVol. 15(4)
Openalex Percentile: Top 78%
Climate Change Policy and Economics
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