Brazil's institutional investors stay away from ESG bonds

Brazil's institutional investors stay away from ESG bonds

Corporate & Sovereign Strategy Bonds Brazil ESG Capital Markets

As Brazilian companies issue an increasing amount of environmental, social and governance (ESG) bonds in the local market, some institutional investors are still reluctant to buy notes in the asset class, fund managers said during an event hosted by Fitch Ratings on Wednesday. "Nobody wants to pay a premium for ESG investments in Brazil," said Eduardo Arraes, head of the asset management division of local investment bank BTG Pactual. "Thematic funds are still incipient. Some are farther ahead an

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