Fund manager BlueBay has launched an impact-investing bond fund that focuses around several sustainability themes.
With the Ucits-regulated BlueBay Impact-Aligned Bond Fund, the firm intends to enable institutions and wholesale investors to apply ESG investing to public-market debt - and the fund already has one investor, an ‘impact wealth manager’ called Tribe Impact Capital.
The fund invests in predominantly investment grade corporate bonds issued by developed-market companies that are addressing environmental and social challenges. There is also some high yield and emerging market exposure.
Amy Clarke, chief impact officer at Tribe Impact Capital, said: “We hope [BlueBay’s fund launch] demonstrates to both the market and investors that a focus on responsible and sustainable business can contribute to and enhance the credit selection process.”
Partner and senior portfolio manager Tom Moulds will be responsible for the management of the fund, as well as BlueBay’s head of ESG investment and portfolio manager, My-Linh Ngo and portfolio manager, Harrison Hill.
The seven themes include social inclusion, ensuring health, and clean energy.
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