Amundi has announced the launch of its first social bond strategy offering a high allocation to social bonds.
This strategy is managed by Amundi’s Alpha Fixed Income team and will mostly be invested in social bonds aligned with the International Capital Markets Association’s Social Bond Principles whose proceeds will be used for projects compliant with the SBP Project Categories. Amundi says it will also look to include regular bonds issued by sovereigns and corporates selected for their strong social practices. The portfolio may also include instruments such as sustainability-linked bonds with social targets. The strategy aims to benefit from the trend of the social bond market diversifying away from the current European concentration.
Isabelle Vic-Philippe, Head of Euro Aggregate, will be the Lead Portfolio Manager for the strategy.