Schroders climate bond fund has attracted over $100m that will be invested in renewable energy and other projects.
The Schroder ISF BlueOrchard Emerging Markets Climate Bond Fund attracted the $100m in less than three months since launch.
Carolina Minio Paluello, global head of product, solutions and quant, said: “We have identified climate change as one of the main global threats and, as investors, we possess the ability to deliver change in the world by directing capital into areas that generate positive impacts.
“This fund is enabling us to do just that and it is testament to the strength of our investment focus that clients also recognise this and have been keen to invest.”
The fund encompasses public debt securities issued for the financing and re-financing of projects with clear environmental, green or social benefits.
This includes initiatives in renewable energy, energy efficiency, green buildings and clean transportation.
The fund also allocates part of its portfolio to sustainability and sustainability-linked bonds, with outcomes tied to the financing of both social and environmental projects.
BlueOrchard has built a diversified climate impact bonds portfolio with a strong bias towards emerging markets.
The fund has invested in Greenko, an Indian developer of renewable energy.
The investment will help to facilitate the company’s growth as a provider of climate-smart solutions in a rapidly growing market.
The fund’s investment strategy builds on BlueOrchard’s local presence and 20-year track record in emerging and frontier market impact investing.
Schroders completed the acquisition of a majority stake in BlueOrchard in 2019.