Legal & General Investment Management (LGIM) has added to its fixed income ranges with an actively-managed bond fund targeting net zero credit.
The L&G Net Zero Global Corporate Bond Fund, managed by Matthew Rees and Enda Mulry, will invest across the global credit universe while targeting net zero emissions by 2050.
It will also have decarbonisation objectives and portfolio temperature alignment through engagement with holdings.
See also: – LGIM CEO: There’s a real energy to work together on climate goals
Co-manager and head of global bond strategies Rees said: “In their search for yield, investors are looking to access a well-diversified global credit universe that will provide them with an array of opportunities.
“At the same time, they want to invest in portfolios that enable them to achieve net zero emissions in line with the Paris Alignment trajectory, as well as reach better ESG outcomes.
“This fund has been specifically designed to help investors achieve alpha generation, as well as positive climate and wider ESG objectives.”
The fund is available to investors in UK, Ireland, Germany, Luxembourg, Finland, Italy, Norway and Sweden. The ongoing charges figure for the fund is 0.41%.
