EdenTree shuns 'greenwashing' bonds for 'impact instruments'

Instead, the manager of the £160m Amity Sterling Bond fund has focused his exposure on unrated "impact instruments" to gain exposure to ESG-positive investments and greater yields. Investment industry backs calls for Government issuance of green gilts Katimbo-Mugwanya explained the fund has limited exposure to green bonds, which tend to be US dollar or euro-denominated meaning he cannot "participate in a bigger way" in the sterling-focused fund. The overall green bond market is largely dominated by European issuers, which accounted for 40% of total global issuance in 2018, up from ...