In QuotedData’s morning briefing 22 November 2024:
- Schroder British Opportunities (SBO) has announced a non-material change to its investment policy, whereby it will remove the following paragraph that makes reference to the United Nations’ Sustainable Development Goals: “The Company will focus on companies which the Portfolio Managers consider to be sustainable from an environmental, social and governance perspective, supporting at least one of the goals and/or sub-goals of the United Nations’ Sustainable Development Goals (“SDGs”), or which the Portfolio Managers consider would benefit from their support in helping them incorporate SDGs into their business planning and/or in reporting their alignment with SDGs.” This change has been brought about by the Financial Conduct Authority update of its Sustainability Disclosure Requirements, which come into effect in December 2024, that will restrict the use of certain sustainable terms in products available to retail investors. However, SBO’s board and manager say that their intention is that there will be no change to how the portfolio is managed.
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