The fund will have IFC as an anchor investor and the managers will look for non-financial sector green bonds issued by developing countries.
The ESG element of green bonds has no impact on performance, according to Julien Bras, portfolio manager for fixed income at Allianz Global Investors.
Fidelity poaches from Amundi AM; Jupiter hires JP Morgan multi-asset PM; Alliance Bernstein and Allianz GI rated as top managers in Asia; Bloomberg to include Indonesian rupiah-denominated debt in global index; Indonesia becomes first Asian country to sell green bonds globally; and more…
Investor access to Chinese green bonds will open up following a deal between the Luxembourg Green Exchange (LGX) and the Agricultural Development Bank of China (ADBC).
The mainland’s green bonds do not appeal to Harvest Fund Management due to lower yields and less liquidity than the overall bond market, according to Jing Lei, the firm’s Beijing-based chief investment officer for fixed income.
The world’s largest green bond fund dedicated to emerging markets will be developed by Amundi and the International Finance Corporation.