Merrill Lynch wealth management clients will
now be able to invest in environmental solutions through World
Bank-sponsored fixed-income green tech bonds.
The first World Bank Green Bonds to be offered
through Bank of America Merrill Lynch were launched in the second
quarter of 2011.
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Those bonds, which will mature on May 24,
2021, pay a 3.5% coupon for the first year that switches to a
floating three-month USD-Libor based coupon after one year.
World Bank Green Bonds support the financing
by the World Bank of low carbon development projects.
These include alternative energy
installations, funding for new technologies that reduce greenhouse
gas emissions, reforestation, watershed management and flood
protection.
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By GlobalDataAmundi launches green tech index
tracker
Amundi, the asset management partnership
between Credit Agricole and Societe Generale, has launched a Green
Tech Living Planet ETF along with16 other equity exchange traded
funds (ETFs) in the UK.
The green tech ETF aims to replicate, as
closely as possible, the performance of the Living Planet Green
Tech Europe strategy index.
The index was created in partnership between
the Living Planet Fund Management, a subsidiary of WWF
International, and the socially responsible investment research
teams of Credit Agricole Cheuvreux.
The ETF offers exposure to European companies
generating at least 20% of their consolidated turnover through
green technology activities including energy efficiency, water
management, renewable energy and waste management.
Amundi now has 33 ETF products traded on the
London Stock Exchange.
