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Lazard, BlackRock sustainable funds caught in Credit Suisse AT1 bond wipeout
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fnlondon.comGreen bond funds run by industry giants including Lazard, BlackRock and Franklin Templeton have all been caught out by Credit Suisse's bond wipeout.
Out of 440 fixed income funds domiciled in Europe that had exposure to the bank's Additional Tier 1 bonds, 20 are badged as having sustainability or ESG characteristics, according to data from Morningstar.
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