ESG行业洞察 | 超过700只ESG基金删改标签，涉及多家巨头！

Core Insights - Over 700 ESG funds have removed or modified ESG-related terms in their names since 2023, representing 20% of tracked funds, with expectations for this trend to continue as asset managers respond to changing political environments, particularly in the U.S. [3][4] - The European market has seen nearly 90% of these changes due to stricter fund naming regulations effective from May 21, which require funds using ESG-related terms to allocate at least 80% of their assets to defined environmental or social goals [4][9] Fund Reclassification - More than 450 funds have deleted ESG labels, and an additional 250 have adjusted related terminology, affecting over 20% of tracked assets [4] - The trend of rebranding with ESG terminology, which was a major growth driver, has slowed significantly, with only 18 new funds adopting such labels in the current year compared to over 350 in 2021 [4] Asset Management Companies Impact - UBS has the highest percentage of assets (over 20%) that have removed ESG labels, while BlackRock, despite having the largest share of ESG+ assets, has only 5% affected [7][8] - Other companies like Generali have seen 51% of their assets change labels, indicating a significant shift in the ESG landscape [8] Regulatory Influence - The European Securities and Markets Authority (ESMA) has implemented new guidelines that compel funds using ESG-related terms to adhere to strict asset allocation rules, which has driven the reclassification of many funds [9] - Funds that include terms like "sustainable" or "climate" may need to meet even stricter exclusion criteria, leading some to completely remove such terminology in favor of less regulated labels [9]