State Street Global Advisors unveils sustainable emerging market debt fund

$50m seed investment

State Street Global Advisors has launched an Article 8 fund, offering investors access to hard currency emerging market government debt.

The State Street Emerging Markets ESG Hard Currency Government Bond Index fund tracks the performance of the JPMorgan ESG EMBI Global Diversified index, which utilises an ESG scoring and screening methodology to tilt towards more sustainable issuers. State Street set to cut 1,500 jobs in repositioning effort Targeting USD-denominated sovereigns, the Luxembourg-domiciled fund was seeded with a $50m initial investment. Muzinich & Co unveils global market duration investment grade bond fund Jennifer Taylor, head of emerging market debt at State Street Global Advisors, said: "We hav...