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.
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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.
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