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LGIM launches net zero corporate bond fund

Sustainable investmentsLegal and General Investment Management (LGIM) has launched a net zero global corporate bond fund targeting UK and EU-based institutional investors and wealth managers.

The L&G Net Zero Global Corporate Bond Fund aims to identify long-term alpha across a diverse global credit universe while targeting net zero emissions by 2050.

The active strategy will provide portfolio-level Paris Agreement alignment through decarbonisation objectives as well as enhanced long-term outcomes via meaningful engagement with companies.

The fund, which aims to achieve a 1.5°C temperature alignment by 2030 and net zero emissions by 2050, will be led by co-managers Matthew Rees, head of global bond strategies, and Enda Mulry, global fixed income portfolio manager.

Rees said: “In their search for yield, investors are looking to access a well-diversified global credit universe that will provide them with an array of opportunities. 

“At the same time, they want to invest in portfolios that enable them to achieve net zero emissions in line with the Paris Alignment trajectory, as well as reach better ESG outcomes. This fund has been specifically designed to help investors achieve alpha generation, as well as positive climate and wider ESG objectives.”

The L&G Net Zero Global Corporate Bond Fund is available in a SICAV vehicle and is registered in the UK, Ireland, Germany, Luxembourg, Finland, Italy, Norway and Sweden.

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