The cost of so-called 'stranded assets' as the world moves away from fossil fuels could cause substantial falls in exporters' sovereign credit ratings in the coming decades, a new report from Fitch said on Monday.
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COPENHAGEN, Feb 11 (Reuters) - Denmark’s ATP, one of the first pension funds globally to buy green bonds, has made its first investments in so-called social bonds as part of its sustainable portfolio, it said on Thursday.
Social bonds, which are debt issued for socially beneficial projects such as eradicating child labour or strengthening workers’ rights, have caught the eye of investors during the COVID-19 pandemic, when ethical investments have surged.
“In 2020, we decided to take it one step further and expand our universe to also be able to invest in social and sustainable bonds,” Chief Executive Bo Foged told journalists at a briefing following the group’s annual results release.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Newfleet Asset Management and Virtus ETFs Introduce Actively Managed Securitized Debt ETF
February 10, 2021 GMT
(PRNewsfoto/InfraCap MLP ETF)
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The Virtus Newfleet ABS/MBS ETF seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. By utilizing Newfleet’s disciplined, time-tested investment process and rigorous risk management approach, the actively managed ETF expects to invest in asset-backed and mortgage-backed securities with competitive yield and current income across undervalued areas of securitized credit markets.
Deep-pocketed investors pumped a record $4.2 billion into big technology stocks last week, BofA's flow data showed on Friday, taking advantage of the slight pullback on Wall Street while retail traders were busy buying stocks such as GameStop.
Wall Street bankers warned of toppy stock markets and a looming near-term retreat after exuberance from unprecedented economic stimulus has led to "frothy" asset prices.