TD Asset Management (TDAM) announced today the launch of its first actively managed ESG-related fixed income product, the TD North American Sustainability Bond Fund, designed to earn current income for investors, following a socially responsible approach to investing.
Focusing primarily in a diversified portfolio of North American corporate fixed income securities, including non-investment grade bonds, the fund will invest in issuers that TDAM views as having strong sustainability characteristics, and/or that demonstrate positive contributions to the UN Sustainable Development Goals (SDGs), and in green, social, sustainable and/or sustainability-linked bonds.
The new fund expands TDAM’s sustainability suite, which also includes TD North American Sustainability Equity Fund and TD North American Sustainability Balanced Fund, launched in 2020.
Priti Shokeen, Vice President & Director, Head of ESG Research and Engagement Team at TDAM, said:
“There is a growing importance for investors to have access to ESG-focused funds and adding the TD North American Sustainability Bond Fund to our existing sustainable investing fund lineup gives investors more ways to round out their portfolio with sustainable options. The Fund uses fundamental research to select issuers with strong ESG characteristics and is supported by the strength of the Portfolio Management, Credit Research and ESG teams at TDAM.”