Amundi has launched a green bond strategy for its €37 billion corporate credit team.
The Amundi Funds Euro Corporate Short Term Green Bond strategy will invest in green bonds that have been issued by worldwide corporations supporting environmental and climate friendly projects.
In doing so, the fund will invest in the green economy and support the build out of global clean projects.
The actively managed fund will incorporate both a top-down and bottom-up investment approach.
Green bonds selected in the portfolio will be aligned with the Green Bond Principles (GBPs) with the fund reporting annually on CO2 emissions avoided by tonnes.
The fund will be co-managed by Yael Muscat, senior credit portfolio manager, Alban de Faÿ, head of responsible investment fixed income process, and Hervé Boiral, head of Euro Credit.
Amaury d’Orsay, head of fixed income at Amundi commented: “Corporate issuers have been increasingly committed to the fight against climate change. This has translated into a growing and increasingly diversified green corporate bond market.
“Amundi Funds Euro Corporate Short Term Green Bond seeks to enable investors protect their portfolio against rising interest rates whilst also seeking to generate a positive impact.”
The Fund is available within the Amundi Funds Luxembourg Sicav and is currently registered in Luxembourg, Norway, France, Greece, the Netherlands, Austria, UK, Finland, Sweden, Ireland, Belgium, Germany, Switzerland and Spain.
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