A coalition of 78 UK higher education institutions, led by the University of Cambridge, has selected Amundi to create an innovative known fossil-fuel free cash fund.
The nearly £500 million quasi-money market fund will enable participating universities and institutions to invest short-term cash without supporting companies that contribute to fossil fuel expansion.
Driving Climate Action
The fund excludes financial institutions that finance new fossil fuel infrastructure, to allow investors a path to align with their climate commitments and responsible investment principles. It aims to employ a research-based methodology consistent with the soon-to-be-launched Bloomberg Cambridge Corporate Bond Index, which filters out companies involved in fossil fuel growth.
The fund will play a role in driving practical climate action and fostering cross-sector collaboration.
The fund is expected to appeal to a broad range of investors with substantial cash to invest and are committed to doing so responsibly.

Responsible Investment Partnership
The partnership highlights Amundi’s commitment to responsible investment and its ability to deliver bespoke, sustainable investment solutions that can deliver stable, long-term value and support the transition to an inclusive, low-carbon economy.
The fund is expected to launch by the end of 2025, with additional seed investors anticipated.
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