Varma has invested €230m in State Street’s new climate bond funds. The funds, which cover European and US corporate bonds, claim to be Paris-aligned and have 70% lower carbon emissions than their benchmark. They will prioritise investment in green bonds and companies well prepared for the Net Zero transition.
BNP Paribas Asset Management has launched a fund investing in companies engaged in the restoration and preservation of global ecosystems and natural capital. It will invest in 40-60 global equities focused on aquatic, terrestrial and urban ecosystems.
Lyxor’s Climate ETFs have passed €1bn in assets just one year after their launch. The range of eight ETFs track the S&P Paris-Aligned Climate and MSCI Climate Change indices, seeking a 7% year-on-year decarbonisation trajectory.
Whitehelm Capital says its Low Carbon Infrastructure Fund outperformed its benchmark by 3.4% in the five years since inception. The fund, which aims for “maximum…