Amundi has extended its ESG Improvers range by launching a global credit and global high yield strategy.
The Global Corporate ESG Improvers Bond fund seeks to outperform the ICE Bank of America Global Large Cap Corporate Index, while the Pioneer Global High Yield ESG Improvers Bond fund will benchmark against the ICE Bank of America Global High Yield Index.
Similar to its equity funds, the investment team will focus on excluding issuers that do not align with the firms’ ESG framework, selecting companies that are “showing or expected to show real and material progress on ESG” and actively engaging with company management to boost financial and ESG credentials.
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.”
Amundi manages over €798 billion in responsible assets. Its ESG Improvers range first launched in 2020 and is available to both institutional and retail investors.
