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ATP boots out external US HY mandate to make room for EUR 940m in green corporate bonds

The Danish state pension fund has dumped a EUR 806m US high-yield external mandate to allow for a substantial investment in European green corporate bonds.

Head of Liquid Markets at ATP, Christian Kjær | Photo: PR/ATP

Danish state pension fund ATP has ditched a EUR 806m US high-yield external mandate in favor of European corporate bonds, in order to "future proof" its portfolio, financial media IPE reports.

The media speculates that this will result in a large carbon footprint reduction for the pension fund, as the exposure to US credit included some emission-heavy companies.

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