Amundi adds EM green bond fund

Amundi has launched an emerging markets green bond strategy.

The Amundi Funds Emerging Markets Green Bond invests in green bonds issued in hard currency by corporates and sovereigns in emerging markets including Brazil, India, China and Indonesia. The strategy invests in corporate issuers from sectors including alternative energy, utilities, financials, transport, and real estate.

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.”

The fund is managed by Maxim Vydrine, co-head of emerging markets corporate and high yield debt.