Green bond funds reverse course in July 2022
The Bottom Line: Green bond funds reverse course in July 2022 while green bond volumes are are expected to benefit from the Inflation Reduction Act. July Summary Assets attributable to green bond funds, a segment consisting of four mutual funds and three ETFs, reversed a four-month decline in net assets largely due to capital depreciation. … Continue reading about Green bond funds reverse course in July 2022
June commentary: green bond funds
The Bottom Line: Green bond fund investors tested by sharp 12-month performance declines in a difficult environment as markets priced in higher interest rate increases. June Commentary The assets of dedicated green bond funds, a segment consisting of seven active and passively managed mutual funds as well as ETFs, declined by $50.7 million in June,… Continue reading about June commentary: green bond funds
May commentary: green bond funds
The Bottom Line: Green bond funds reversed a slide in net assets, helped by posting the narrowest average monthly total return performance drop this year. May Summary Dedicated green bond funds, which rebounded to seven funds on May 3rd upon the launch of the rebranded Franklin Municipal Green Bond ETF (FMLB)¹ that shifted $101.9 million… Continue reading about May commentary: green bond funds
April commentary: green bond funds
The Bottom Line: Green bond funds experienced modest outflows during a volatile month and while performance suffered in April, the segment, on average, held up. April Summary Modest outflows during a volatile month for both equities and bonds led to a net decline of $55.3 million in assets to $1.37 billion. Excluded is the $101.9… Continue reading about April commentary: green bond funds
March commentary: green bond funds
The Bottom Line: Difficult market conditions in the first quarter led to very poor monthly and quarterly performance results and reduced issuance of green bonds. Summary Green bond funds, consisting of active and passively managed green bond mutual funds and green bond ETFs, invest in “green” bonds whose proceeds are used principally for climate mitigation,… Continue reading about March commentary: green bond funds
February commentary: green bond funds
The Bottom Line: Green bond fund investors experienced disappointing near-term returns, but intermediate-term outcomes continue to flash green, especially if accompanied by positive environmental outcomes. Summary Green bond funds invest in “green” bonds whose proceeds are used principally for climate mitigation, climate adaptation or other environmentally beneficial projects, such as, but not limited to, the… Continue reading about February commentary: green bond funds
January commentary: green bond funds
The Bottom Line: Green bond funds, ending January with $1.44 billion, experienced monthly net outflows for the second consecutive month coincident with total return declines. Summary Green bond funds, including green bond mutual funds and green bond ETFs, experienced monthly net outflows for the second consecutive month coincident with total return declines. Net declines kicked… Continue reading about January commentary: green bond funds
December commentary: Green bond funds
The Bottom Line: December redemptions still place green bond funds at new 2021 high of almost $1.5 billion while absolute total return performance results disappoint. Summary Withdrawals by institutional investors led to a net $9.4 million decline in the assets of green bond funds in December, bringing year-end total net assets to $1,480.8 million. While… Continue reading about December commentary: Green bond funds