Merill Sub-Funds Transitioned to Article 8 of SFDR
The locally licensed, Merill SICAV plc has just been given approval by the Malta Financial Services Authority for its sub-funds to be classified as Article 8. This is the first SICAV in Malta to have all four sub-funds licensed as Article 8 that considers all principal adverse impacts on sustainability factors within its investment decision process.
As sustainability takes center stage in the global investment landscape, Article 8 Funds are becoming a vital instrument for both investors and society. These funds, categorised under the European Union’s Sustainable Finance Disclosure Regulation (SFDR), actively promote environmental or social characteristics. This regulation aligns with the United Nations sustainable development goals while balancing profitability.
As of the 21st of November 2024, all sub-funds of the Merill SICAV plc, namely the Merill Total Return Income Fund, the Merill High Income Fund, the Merill Strategic Balanced Fund, and the Merill Global Equity Income Fund have been converted to Article 8 funds. The Merill SICAV plc assets under management have now surpassed the €165 million mark.
From an investor perspective, being invested in an Article 8 fund offers a dual benefit, as the fund not only seeks to generate financial returns, but also commits to sustainability. The Merill funds will now offer additional transparency, as these regulations require clear documentation of their environmental or social focus and how such objectives are achieved, as more investors are demanding accountability.
The global impact of Article 8 funds extends far beyond the financial aspect. These funds focus on supporting companies and projects that care about the environment, fairness, and good business practices. By doing this, they help tackle big problems like climate change, limited resources, and inequality. They also push businesses to be more eco-friendly and treat people more fairly.
Dr Mark Azzopardi, Merill SICAV plc Investment Committee Chairman and Director at Jesmond Mizzi Financial Advisors, the fund managers of Merill commented that, “establishing the funds as Article 8, marks a big commitment by the Merill Funds, as the funds will aim to balance financial growth, the promotion of climate change mitigation and also seeking to avoid investments in certain activities with the potential to cause harm to human health and wellbeing. By choosing these funds, investors are not just building their own financial future, but they are also helping create a greener and fairer world for everyone.”
This press release is issued by Jesmond Mizzi Financial Advisors Limited and does not intend to give investment advice, and the contents therein should not be construed as such. This information is not intended to constitute an offer or agreement to buy or sell investments and the products referred to in this document may not be suitable for every investor. The Company is licensed to conduct investment services by the MFSA, under the Investment Services Act. Merill SICAV plc is incorporated and licensed as an open-ended collective investment scheme, registered in Malta, qualifying as a Maltese UCITS in terms of the UCITS Directive with effect from the 16th of October 2015. Investors should remember that past performance is no guide to future performance and that the value of investments may go down as well as up. The directors or related parties, including the Company, and their clients are likely to have interest in securities mentioned in this article. For further information contact Jesmond Mizzi Financial Advisors Limited of 67, Level 3, South Street, Valletta, on Tel: 21224410, or email [email protected]
Jesmond Mizzi Financial Advisors Limited of 67, level 3, South Street, Valletta, Malta, is licensed to conduct investment services business by the MFSA under the Investment Services Act and is a Member of the Malta Stock Exchange.