A US asset manager is set to hit the market with a green bond fund, the ninth to launch this year.
Boston-based State Street is gearing up to launch its third green bond fund, Environmental Finance has learned.
The open-ended fund, which is currently listed as 'pending' on Bloomberg, has the ticker SSGYX.
It will have a frontload fee of 3.75%, a backload fee of 1% and an annual marketing and distribution fee of 0.25%. It will be managed by Brian Kinney and Mahesh Jayakumar.
Earlier this year State Street launched the world's first index-linked green bond fund, tracking the Barclays MSCI Green Bond Index. The firm created its first green bond fund in 2013.
Other green bond funds rumoured to be on the way include offerings from Amundi, Allianz, BlackRock and French bank Banque Postale.
