Green bonds remain a challenge for reserve managers


Central bank reserve managers face challenges when investing in green bonds because the asset does not easily “fit” their portfolios, according to the head of asset management at the Bank of Finland.

In a forthcoming interview, to be published in HSBC Reserve Management Trends 2021, Jarno Ilves says one problem with many green bonds is that they are issued by governments or government agencies, making them harder for central banks to buy at a good price.

“We cannot invest in them in the

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