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L&G ETF undergoes sustainable reclassification and name change

Published 16/05/2025, 13:26
L&G ETF undergoes sustainable reclassification and name change
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LONDON - Legal & General (LON:LGEN) UCITS ETF PLC announced today the reclassification of its L&G Energy Transition Commodities UCITS ETF to an Article 8 fund under the EU Sustainable Finance Disclosure Regulation (SFDR). Alongside this reclassification, the fund will undergo a name change to L&G New Energy Commodities UCITS ETF.

The company has communicated these changes to the registered shareholder, the Bank of New York Mellon (NYSE:BK) (Depository) Nominees Limited, with the alterations expected to be effective from May 21, 2025. The reclassification aligns the fund with the SFDR’s focus on sustainability risks and factors in investment decisions.

Investors should note that there will be no changes to the benchmark index or the management approach of the fund. This move is part of a broader trend in the investment industry towards sustainability and responsible investing.

The notice to shareholders regarding these changes has been submitted to the National Storage Mechanism and is available for public inspection at the official website and the website of Legal & General Investment Management (LGIM).

Legal & General Investment Management has provided contact information for fund sales inquiries and further assistance. The news of the reclassification and name change is based on a press release statement from the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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