State Street Global Advisors unveils sustainable emerging market debt fund
Targeting USD-denominated sovereigns, the Luxembourg-domiciled fund was seeded with a $50m initial investment.
The State Street Emerging Markets ESG Hard Currency Government Bond Index fund tracks the performance of the JPMorgan ESG EMBI Global Diversified index, which utilises an ESG scoring and screening methodology to tilt towards more sustainable issuers.
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Targeting USD-denominated sovereigns, the Luxembourg-domiciled fund was seeded with a $50m initial investment.
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Jennifer Taylor, head of emerging market debt at State Street Global Advisors, said: «We have seen continued growth in our emerging market debt business supported by our sophisticated investment process, resulting in consistent and reliable results delivered by our dedicated investment and trading teams.
»With the launch of this fund, we aim to meet an increasing demand for Article 8 products in this growing market."
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