Major Pension Funds Back $400M Emerging Markets Transition Debt Initiative
Monday, 29 July 2024, 12:53
Investment Overview
Global pension funds including OMERS and Wiltshire are set to commit $400 million to an Emerging Markets Transition Debt fund.Ninety One will manage this fund, focusing on investments that drive sustainable development.
Impact of the Fund
Sustainable Development Focus
- This initiative is designed to support eco-friendly projects.
- Funds will be allocated to sectors that contribute to meaningful transitions in emerging markets.
Importance of Transition Debt
- Transition debt signifies investments aimed at promoting sustainability.
- It provides a crucial financial mechanism for achieving climate targets.
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