PIMCO has launched a climate bond UCITS fund that invests solely in securities issued by firms linked to combatting climate change.
PIMCO GIS Climate Bond, which invests in both labelled and unlabelled green bonds, aims for risk-adjusted returns through a multi-sector, globally diversified portfolio that both "supports climate change solutions" and "minimizes exposure to climate-related risk". It will be managed by managing director and CIO of PIMCO's US Core Strategies Scott Mather, as well as portfolio manager and executive vice presidents Jelle Brons, Ketish Pothalingam and Samuel Mary. Amundi expands ESG ETF range with double launch Mather said: "Client interest in sustainable investment strategies continu...
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