Amundi launch taps growing interest in 'S' of ESG with launch of new social bond strategy

High allocation to social bonds on offer

Amundi has launched its first Social Bond Strategy, focusing on a key element of the ESG agenda it believes investors are keen to tap into.

With social bond issuance tripling this year on 2019, according to its analysis of Bloomberg data, Amundi believes this is "the beginning of the market's trajectory", following in the footsteps of the burgeoning green bond market. Eric Brard, head of fixed income at Amundi, said: "In the context of the current economic and health crisis, we believe that investors are increasingly looking for innovative solutions that can generate positive outcomes for society as a whole." Amid the pandemic, issuers have been embracing social bonds as a useful vehicle to meet their financing needs. In ...