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JPMorgan Opens New Fund in Europe for Hard-Core ESG Clients

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The asset management arm of JPMorgan Chase & Co. will test a new investment product designed to attract clients who want their money to go into companies at the forefront of the battle against climate change. 

The Wall Street giant is launching a so-called Article 9 product, it said on Tuesday. The categorization requires fund managers to prioritize sustainability above all else, as defined under the European Union’s Sustainable Finance Disclosure Regulation. The new fund will target “forward-thinking companies which are developing and scaling solutions to address climate change,” J.P. Morgan Asset Management said on Tuesday.