J.P. Morgan Asset Management - The Weekly Brief

13.02.2023 11:40 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Grüne, soziale und nachhaltige Anleihen notieren mit einem Aufschlag gegenüber traditionellen Titeln. Dies macht sie für Emittenten attraktiv, da sie die Kapitalkosten senken können. Dafür müssen Investoren jedoch niedrigere Renditen in Kauf nehmen. Wie wir in unserem neuesten Beitrag unter „Was bewegt die Anleger? Grüne Anleihen: Können festverzinsliche Wertpapiere gleichzeitig Gutes tun und gute Ergebnisse erzielen?“ erörtern, gibt es jenseits der guten Absichten potenzielle Gründe, diesen Aufschlag zu akzeptieren. Grüne, soziale und nachhaltige Anleihen weisen tendenziell eine geringere Spread-Volatilität auf als nicht-grüne Anleihen. Angesichts des rasch wachsenden Markts und der ausdrücklichen Unterstützung der Europäischen Zentralbank sollten selbst diejenigen Investoren, die nicht unbedingt mit den nichtfinanziellen Zielen grüner, sozialer und nachhaltiger Anleihen übereinstimmen, diese nicht aus ihrer Asset Allokation streichen.

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