Asset Management

Amundi and World Bank close largest green bond fund at $1.4bn

Bumper fundraising highlights investor interest in a small but fast-growing sector of the bond market

Amundi and World Bank close largest green bond fund at $1.4bn

Amundi, Europe's biggest listed fund manager, and an arm of the World Bank have closed the largest green bond fund ever raised, at $1.4bn.

The fund, launched just under a year ago, aims to channel money into renewable energy and energy-efficiency projects in emerging markets. It is a key initiative for the World Bank's International Finance Corporation, whose job is to mobilise private money for investment in developing countries.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire