Amundi launches emerging markets green bond fund

Targeting Brazil, India, China and Indonesia

Europe's largest asset manager Amundi has launched an emerging markets green bond strategy for international institutional and retail investors.

Amundi Funds Emerging Markets Green Bond invests in green bonds issued in hard currency primarily by corporates as well as some exposure to sovereigns in selected emerging markets, such as Brazil, India, China and Indonesia. It seeks to take advantage of the growth in green bonds, which saw a record $52bn of issuance in 2019, with total issuances reaching $240bn. The firm stated that by making green bonds more widely available to investors worldwide, additional private capital can be mobilised for the energy transition, therby helping emerging countries mitigate the adverse effects of...