Candriam is adding a sustainable bond impact fund to its Luxembourg SICAV range.
The Candriam Sustainable Bond Impact Fund aligns financial returns alongside a positive impact on society and the environment by using each of the UN SDGs to invest in bond issuance that facilitate the development of projects to support the transition to a low carbon economy or to improve social disparity.
It seeks to hold a minimum of 75% sustainable bonds contributed positively to the UN SDGs and is classified Article 9 under SFDR.
It is managed by Philippe Dehoux, head of global bonds, Céline Deroux, senior fixed income strategist and Nicolas Forest (pictured), global head of fixed income, and two senior ESG experts, Vincent Compiegne, deputy head of ESG investments and Lucia Meloni, lead ESG governance analyst.
Forest said: “The sustainable bond market is fast-growing and increasingly diversified. By directly addressing the UN SDGs with this new strategy, we are able to target the full range of societal issues, providing financial inflows to specific initiatives that will make a material and positive contribution to global sustainable development.”
Candriam is donating 10% of the management fee to supporting green or social projects.
The fund has been registered for distribution in Luxembourg, Austria, Germany, Spain, France, the UK, Italy, Switzerland and the Netherlands.