Zurich Insurance Group and European asset manager Amundi have expanded their collaboration with the launch of the Zurich Global Green Bond Fund, aimed at providing Zurich’s Life insurance customers access to the growing green bond market.
Initially available to customers in Italy and Germany, with a broader rollout planned, the Fund offers exposure to a diversified portfolio of green bonds issued by sovereign, supranational, and corporate entities. These bonds finance projects designed to address environmental challenges, including renewable energy, sustainable water management, pollution control, and green buildings.
The Fund will be actively managed by Amundi’s Alban de Faÿ, Head of Fixed Income Sustainable & Responsible Investment Process, alongside portfolio manager Daniela Montezuma. It targets outperformance of the Bloomberg MSCI Global Green Bond Index and is aligned with the Green Bond Principles, which set standards for eligible projects and transparency.
At least 90% of the Fund’s assets will be allocated to green bonds, with flexibility to invest in social and sustainability bonds. The environmental impact will be tracked using a core indicator: greenhouse gas emissions avoided, measured in metric tonnes of CO₂ equivalent.
Zurich and Amundi will jointly monitor the portfolio, with Zurich’s impact investing strategy shaping the Fund’s guidelines. An annual impact report will be issued to enhance transparency and investor confidence.
Zurich, which holds approximately USD 7.5 billion in green, social, and sustainability bonds, described the Fund as an extension of its long-standing institutional expertise to its life insurance and unit-linked customers.
Sergii Medynskyi, Head of Investment Solutions at Zurich, stated: “Zurich is one of the pioneers of the green bond market. We are delighted to bring our decade of institutional expertise to our Life insurance and unit-linked customers.”
Alban de Faÿ of Amundi added: “The growth of the green bond market, now totalling EUR 2.3 trillion in outstanding issuances, shows the relevance of these instruments in addressing climate challenges. We are proud to work with Zurich to meet growing investor demand.”
