The new Sustainable Bond Impact fund seeks to combine financial performance with positive social and environmental impact. The fund selects corporate bonds and sovereign and quasi-sovereign bonds based on their ability to address social challenges and generate a positive contribution under the United Nations Sustainable Development Goals (SDGs). Managed by a senior investment team with a combined four decades of experience in fixed income investing along with a team with a total of twenty years’ experience in ESG investing.
Read more about Candriam and the new sustainable bond impact fund the company launched, with our companion app. The Born2Invest mobile app brings you the latest business news in the world so you can stay on top of the market.
Candriam launched a Sustainable Bond Impact fund
Candriam, a global multi-asset manager focused on sustainable and responsible investing, announced the launch of the Candriam Sustainable Bond Impact fund, a sub-fund of the Luxembourg-based Candriam Sustainable SICAV, which has assets under management of around $20.4 billion (€18 billion). The fund combines financial performance with a positive impact on society and the environment by using all the UN SDGs to invest in the issuance of bonds that facilitate the development of projects with the aim of supporting the transition to a low-carbon economy or to improve social inequality.
It is an actively managed fund, using an advanced proprietary screening approach that provides a comprehensive assessment of the ESG quality of the issuer and examines how the proceeds from the issuance will finance underlying projects aligned with the UN SDGs. Sustainable debt financing must be linked to both the credibility of the issuer in terms of its ESG commitments and its creditworthiness profile.
As part of Candriam’s responsible and conviction-based investment approach, the fund will be managed using both fundamental and ESG analysis with three long-standing fixed-income experts: Philippe Dehoux, global head of bonds; Céline Deroux, senior head of fixed income; and Nicolas Forest, global head of fixed income, and two senior ESG experts: Vincent Compiegne, head of ESG Investments, and Lucia Meloni, senior ESG Governance analyst. These professionals will also be supported by a complementary team of analysts with expertise in government, high yield, and investment grade debt.
The fund aims to include a minimum level of 75% sustainable bonds and contribute positively to the UN SDGs. The fund will be classified as an Article 9 financial product under the EU Regulation on Sustainability Disclosures in the Financial Services Sector (SFDR). In addition, 10% of the net management fees will be donated to specific organizations supporting green or social projects. The fund has been registered for distribution in Luxembourg, Austria, Germany, Spain, France, the United Kingdom, Italy, Switzerland, and the Netherlands.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in asset managers, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Spain Scores Better than its European Neighbors in ESG
Despite being a universe of rising assets, the war in Ukraine and the withdrawal of stimulus by central banks has...
Tourism Revenues in Morocco Started to Increase
Tourism revenues amounted to $960,000 (9.7 MMDH) at the end of March 2022 after the context of tourism recovery. Prior...
Tenuta Liliana Vineyard Opens Up to Popular Shareholding on CrowdFundMe
The newly built winery of Tenuta Liliana was created inside a former tuff quarry, reclaimed and completely regenerated, and houses...
Avalanche Price Forecast: AVAX Forms a Dangerous Pattern
In the four-hour chart, the AVAX price has been moving in a tight range over the past few days. A...
First Closing of €95M for Bio, Indaco’s New Fund Dedicated to Biotech and Pharma
Indac's new fund, Indaco Bio is focused on Italy, but will not lack significant room for investments abroad, particularly in...
Cannabis2 weeks ago
Why the Cannabis Market Has Growing Investment Prospects
Featured2 weeks ago
Understanding the Fed’s Rate Hike: the Long Term Goal of 2.0% Inflation
Business2 weeks ago
These Are the Top 5 Lithium Stocks to Own Right Now
Crypto2 weeks ago
Kraken Opens a Waiting List for the Upcoming NFT Marketplace