Green bonds win new fans and investors

A desire for ethical investment is pushing demand for climate change bonds up the agenda

Green bond fans point to Massachusetts as a prime example of a boost in investor appetite for bonds once deemed risky and experimental. The US state had to scale back a $1.1bn bond by about 40% on June 4 as investors backed away but its $100m “green” tranche was a third oversubscribed and issued without a hitch. A small tranche, but a small victory for green bond advocates.

Massachusetts issued the green tranche to exclusively finance clean water, energy conservation, open space and other environmental infrastructure projects.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.