This $5.5 Billion Fund Sees ESG Bonds Outperforming Normal Debt
- Emso Asset sees ESG debt doing better barring V-shaped rebound
- U.S. green notes have beat corporate debt so far this year
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Bonds to pay for green and social projects have outperformed normal notes this year, and that will likely continue unless the global economic recovery is V-shaped, according to Emso Asset Management, which oversees $5.5 billion in assets.
In the U.S. market, green bonds have returned 8.4% so far in 2020, compared with a 7.3% gain for American corporate notes overall, according to Bloomberg Barclays indexes.