ESG & Investing
HSBC to Set Up Joint Fund Targeting Emerging-Market Issuers
Signage outside the HSBC Holdings Plc headquarters building in Hong Kong.
Photographer: Chan Long Hei/BloombergThis article is for subscribers only.
The asset management unit of HSBC Holdings Plc is teaming up with International Finance Corp. to create a joint fund designed to support corporate bond issuers in emerging markets.
The fund, which will carry the European Union’s strictest sustainability designation — known as Article 9 — is being set up with a view to mobilizing additional institutional investors and increasing the pool of capital available to emerging market issuers pursuing sustainable goals, according to a statement published on Wednesday by HSBC and IFC, a member of the World Bank Group.