HSBC research found a decline in fund managers citing sustainability as an investment objective: "In our view, this falls along mostly political lines and is isolated to the U.S."
The company has issued five green bonds, including a $1 billion offering earlier this month. "Added scrutiny ... enables our platform to continue to shine compared to the rest of the market."
Climate Bonds Initiative (CBI) identifies bonds from Visa, Con Edison, and others that identify as "green" but fail to meet the initiative's standards.
The $1.1 trillion money manager leans in to duration and higher ratings in credit, indicating a belief that interest rates won't rise substantially anytime soon.