Asset manager worth $43.4bn joins green bond scheme

A global asset manager has joined a green bond programme. VanEck is the latest institutional investor to join the Climate Bonds Initiative Partnership Programme (CBIPP), with the aim of supporting […]

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By Jonny Bairstow

A global asset manager has joined a green bond programme.

VanEck is the latest institutional investor to join the Climate Bonds Initiative Partnership Programme (CBIPP), with the aim of supporting the development of green finance markets.

The firm manages approximately $43.4 billion (£34.83bn) in assets, including one of the largest exchange traded product families in the world.

Its understanding of investment conditions across international markets is expected to be “invaluable”.

Earlier this month, VanEck launched the VectorsTM Green Bond ETF, the first US listed exchange traded fund that provides access to the rapidly growing global green bond market.

Edward Lopez, Head of ETF Product Management and Marketing with VanEck, said: “An important characteristic of the fund is that it invests in bonds flagged as ‘green’ by the Climate Bonds Initiative.

“We believe this is an essential feature that allows investors a level of confidence that bond proceeds are being directed towards financing projects with a beneficial environmental impact.”

France has announced the launch of its first sovereign green bond, amounting to a record €7 billion (£6bn).