Stone Harbor announces ESG EM debt fund

Stone Harbor Investment Partners is to issue a new ESG emerging market debt fund.

The Stone Harbor ESG Emerging Markets Debt Blend Fund invests across hard currency and local currency sovereign and corporate debt in emerging markets using JP Morgan’s ESG emerging debt indices. The fund is initially being launched with EUR40 million in assets invested from a European pension fund. Stone Harbor says their ESG strategy adds negative screening of countries and corporates and includes a larger weight for green bonds in the portfolio.