Asset manager Amundi has launched a European real estate climate impact fund that will create a portfolio with a carbon footprint in line with the Paris Agreement’s target of below 1.5C°.
The newly created Amundi Real Estate European Net Zero Ambition Strategy is expected to mainly invest in more mature markets in Western Europe and some European peripheral markets.
Amundi said the fund will predominantly target offices in prime locations as well as sectors such as logistics, residential, retail, and hotels.
The new real estate strategy forms part of a range of “net-zero ambition funds” launched across several asset classes to help Amundi reach a global objective of net zero by 2050.
The other net-zero ambition funds launched are for climate exchange-traded funds, equities, fixed income, multi-asset and emerging markets.
Vincent Mortier, group CIO at Amundi, said: “Trillions of euros of capital will be needed to speed the path to decarbonisation, which cannot be done by governments alone. The global asset management industry – which is expected to be managing over $145trn by 2025 – has the scale to make things happen and trigger the momentum required to get the world to net zero.
“This is why, as a European asset management leader, we are launching the net-zero ambitions range across active, passive, and real assets, so investors can fuel the transition and put their savings to work, while earning investment returns. It is also critical to provide investors with a wide range of choices in order to help them align their investments to a net zero decarbonisation pathway.”
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