French asset manager Amundi has announced the launch of the Amundi Funds Euro Corporate Short Term Green Bond (AFECSTGB). The new actively-managed fund will invest in green bonds issued by corporates with proceeds committed to funding environmentally friendly and climate-focused projects. It will target opportunities to upscale global clean projects, incorporating both a top-down and bottom-up investment approach. Amundi says all green bonds selected for the portfolio are in line with Green Bond Principles, and the fund will annually disclose the avoided tonnes of CO2 emissions through the implementation of financed green projects. It will be co-managed by Yael Muscat, Senior Credit Portfolio Manager, Alban de Faÿ, Head of Responsible Investment for Fixed Income, and Hervé Boiral, Head of Euro Credit.