SMFG to back ESG-focused Affirmative Investment Management
AIM focuses on fixed-income portfolios offering a positive environmental and social impact. The business managed $650m in assets at last year-end.
This will make SMFG Japan's first lender to join forces with an expert in ESG bond investments, reported Reuters.
The Japanese lender plans to make an infusion of $20m in AIM.
It will make up to another $5m over the next few years
