ESG debt buyers swallow short-term losses to gain ethical kudos

Investors in the booming ethical bond market are having to swallow short term losses on the road to improving their green credentials.
Photo: Falck Renewables
Photo: Falck Renewables
By Ronan Martin, BLOOMBERG

A global Bloomberg ESG index has lost 4.9 percent this year, underperforming a 4.4 percent drop on the Bloomberg Global Aggregate Index for investment-grade debt. An index comprising of just green bonds has fared even worse, losing 7.2 percent so far this year. That's the biggest-ever drop.

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