The latest in fund and business developments from across Europe.

PIMCO
PIMCO has launched the GIS Climate Bond Fund, giving European investors the ability to target global climate action with their bond allocation.

The UCITS fund invests in both labelled and unlabelled green bonds and bonds from issuers demonstrating innovative approaches to environmental sustainability, which go beyond traditional green bond exposures.

The fund will be managed by Scott Mather, managing director and chief investment officer of US core strategies; Jelle Brons, executive VP and portfolio manager; Ketish Pothalingam, EVP and portfolio manager; and Samuel Mary, VP and portfolio manager.

PIMCO has been active in responsible investing for decades, launching one of the first socially responsible fixed income funds in 1991 and its first climate bond strategy last year in the US.

“Client interest in sustainable investment strategies continues to grow strongly, and we’ve introduced this fund to provide investors with an accessible method of allocating capital to climate change initiatives,” said  Mather.

“We are focused on identifying the increasing number of bond issuers committed to climate action and financing climate solution projects,” he added.