PIMCO launches climate bond fund

Pimco has launched its first climate bond fund aimed at fighting climate change. 
The PIMCO Climate Bond Fund invests in both labeled and unlabeled green bonds as well as bonds from issuers demonstrating environmental sustainability. Pimco says the fund offers investors a global multi-sector bond portfolio that supports climate change solutions while seeking to minimize exposure to climate-related risk. The fund will be lead by Scott Mather, Chief Investment Officer of US Core Strategies.