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State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the State Street Sustainable Climate Bond Funds, which aim to facilitate investors to significantly reduce their exposure to carbon emissions and fossil fuel, while also re-allocating capital to fund the transition to a low-carbon future. This new fund range therefore enables bond investors to immediately set the direction and ambition for their climate-based investment goals, while also aligning with the goals of the Paris Agreement.
Benchmarked to the flagship Bloomberg Barclays US, Euro and Global Corporate Bond Indices, the three funds apply screens and tilts that help mitigate and adapt for climate impact. The investment approach...
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