Launched in partnership with impact strategies specialist Affirmative Investment Management, the Luxembourg-domiciled Ucits fund is managed by lead portfolio manager Justin Eeles, alongside Stuart Kinnersley and Andrew Roffey.
The strategy aims to identify investments that provide positive climate-related outcomes such as renewable energy, resource efficiency, land management, water resources, infrastructure, and marine environment.
Climate bonds are debts issued by governments, supranational entities, municipalities, corporations and other borrowers to finance activities and projects designed to help the world mitigate or adapt to climate change and its effects.
The asset class includes labelled green bonds, as well as ‘climate-aligned’, social and sustainability bonds that are deemed to help in the fight against climate change and support the United Nation’s 2015 Sustainable Development Goals.
The managers will also seek opportunities in under-funded areas, for example climate change adaption, given that 90% of investments are dedicated to mitigation projects today, and in developing countries.
Developing countries represent 65% of the need of investment but receive only 17% of the investments today.
