-focused objectives to vote differently on shareholder proposals than others — the asset manager’s latest move to navigate a political divide over
However, the guidelines only apply to funds that have climate and decarbonization objectives — the majority of which are currently based in Europe. Eighty-three funds located in the region, valued at $150 billion in managed assets, have been approved to apply the guidelines, which will go into effect in the fourth quarter of 2024. Funds with climate-based objectives in the Americas and Asia are expected to adopt the guidelines in the second half of 2024 but are subject to board approvals.
The email also mentioned that clients who invest through separately managed accounts can apply the guidelines to their funds.