Amundi Launches Fixed Income Strategies Investing in ESG Improvers
Leading European asset manager Amundi announced today the launch of two fixed income strategies, adding to its “ESG Improvers” range, which looks to identify future ESG champions, enabling investors to invest in companies with ESG-related growth potential at an early stage.
The new fixed income funds include the Amundi Funds Global Corporate ESG Improvers Bond strategy, which seeks to outperform the ICE Bank of America Global Large Cap Corporate Index, and the Amundi Funds Pioneer Global High Yield ESG Improvers Bond strategy, which seeks to outperform the ICE Bank of America Global High Yield Index.
Amundi launched the ESG Improvers range earlier this year with the introduction of a pair of equity funds, one focused on US equities, and one on Europe. As with the equity funds, the new fixed income strategies will exclude companies not aligned with the firm’s ESG framework, and will select those that are fundamentally attractive and that are showing real and material progress on ESG, identified through a fundamental bottom up investment process which integrates Amundi’s proprietary ESG methodology. In addition, Amundi stated that it will actively engage with company management throughout the investment process to understand and positively impact the company’s financial and ESG credentials as a whole.
Vincent Mortier, Deputy CIO at Amundi, said:
“With the addition of the global corporate bond and global high yield strategies, investors can further benefit from this innovative strategy in fixed income, which has already been successfully applied to the equity asset class.”