June 17, 2021

ESG Opportunity Abounds in Emerging Markets

An increasing number of money managers in green finance are looking into international markets to unearth hidden areas in sustainable investing.

Fund managers in Europe’s Northern regions have expanded beyond their borders to find cheap assets they say will eventually meet their environmental, social, and governance goals, Bloomberg reports.

For instance, Nordea Bank Abp’s $450 billion asset management unit launched a fund targeting ESG assets in emerging markets.

“We felt it was a compelling idea,” Thede Ruest, head of emerging debt markets at Nordea’s investment management unit, told Bloomberg.

The strategy to is expected to deliver “slightly better yield without too much risk-taking,” Ruest said, adding that he also hopes it will “make a difference where it arguably will matter more.”

Money managers looking for sustainable investment opportunities abroad argue that…

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