AIIB’s ESG credit mandate with abrdn to 'expand opportunities'
The mulilateral development bank appointed abrdn to manage a $500 million bond portfolio with an agreed-upon investment policy in 2018.
![AIIB’s ESG credit mandate with abrdn to 'expand opportunities'](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fshutterstock_569848309.jpg&c=1&h=677&q=100&v=20244001&w=1204)
A sustainabiilty-focused debt investment mandate from Asian Infrastructure Investment Bank (AIIB) to asset manager abrdn has proven successful and lays the ground for similar mandates in the future, a senior executive at the bank said.
“With our debt focus, and this ESG concept mandate, I believe we are expanding our business while also showing the world how it can be done,” said Lee Dong-ik, director general, investment operations at Beijing-headquartered AIIB.
“Fixed income is…
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