A few weeks ago we told you about Nikko Asset Management’s new World Bank green bonds fund for Japanese investors. They’ve now created a Luxembourg fund aimed at European and Middle Eastern investors. It will be available in £, US$ and Euro share classes.
The fund - the first of its kind - can invest up to 100% of its portfolio in green bonds issued by the World Bank, with funds ring-fenced for World Bank funded climate change projects such as energy efficiency, renewable energy and reforestation.
Nikko AM's Charles Beazley says investors want: “... investment vehicles where they can be certain their money will directly help the environment without compromising their investment objectives.” Absolutely right!
For more info see the Nikko Media Release - 22 Feb 2010.
