BlackRock looks at green bond funds while Pimco urges caution

London

BLACKROCK Inc and some of the world's other major asset managers are setting up funds focused on green bonds. The trick is finding enough of the debt to buy.

BlackRock is developing green bond funds that would compete with Allianz SE and Axa SA, Europe's largest insurers, as well as State Street Corp, which all created similar products last year.