David Falk and Bill Mock, Fixed Income PMs, Featured in Advisor Perspectives
Interest in investments that support environmental and social impact objectives is growing rapidly among both institutional and individual investors. This is particularly true with respect to the retail-focused municipal bond market. Every week we see an increasing number of new municipal bond issues – both tax-exempt and taxable with a “Green Bonds”, “Social Bonds” or “Sustainability Bonds” label.
Bloomberg data indicates that Municipal Green Bond issuance alone increased by 65% from $11.093 billion in 2019 to $18.359 billion in 2020. Earlier this year Standard & Poor’s estimated total municipal sustainable debt issuance (including all three categories) of $30 billion for calendar year 2021.
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