Leading European asset manager Amundi announced today the launch of Amundi Funds Emerging Markets Green Bond strategy. According to Amundi, the fund is invested in Green Bonds issued in hard currency primarily by corporates as well as offering some exposure to sovereigns in selected emerging markets, such as Brazil, India, China, and Indonesia.
The new fund utilizes an active management strategy, incorporating both top-down and bottom-up investment approaches to invest in a selection of corporate issuers from a range of sectors including alternative energy sources and utilities, financials, transport, and real estate, seeking attractive risk-reward opportunities within both investment grade and high yield segments of the investment universe.
Amundi manages over €378 billion in responsible investment assets with over 10,000 issuers rated with respect to ESG criteria. With today’s launch, the firm expands its EM green bond offerings, which also includes Amundi Planet Emerging Green One, the world’s largest targeted green bond fund dedicated to emerging markets, launched in 2018.
Amundi Funds Emerging Markets Green Bond will be managed by Maxim Vydrine, Co-Head of Emerging Markets Corporate & High Yield Debt at Amundi, as a Lead portfolio manager, supported by Sergei Strigo and Paolo Cei as Co-portfolio managers, along with Amundi’s Emerging Markets team.
Yerlan Syzdykov, Head of Emerging Markets at Amundi, said:
“Investors are increasingly looking for solutions that deliver yield and have a positive impact on the environment. Emerging market green bonds are particularly well suited to capturing both of these opportunities. We have already seen that 2019 was a vintage year for the global green bond market, and emerging market green bonds in particular are growing rapidly. We are proud to leverage Amundi’s recognised EM expertise to offer investors the opportunity to gain exposure to green projects while contributing towards a tangible and sustainable impact on the environment.”