EFG Asset Management has launched a global impact credit fund in partnership with Schroders affiliate BlueOrchard.
The New Capital — BlueOrchard Global Impact Credit fund will aim to invest primarily in green, social or sustainable bonds as it aims to generate returns alongside a measurable positive social and environmental impact.
According to BlueOrchard, the issuance of labelled bonds increased by 37% in the period from 2016 to the end of 2023, as issuers seek to raise capital to fund environmental and social projects.
The Luxembourg-domiciled SICAV is classified as Article 9 under SFDR.
It marks EFG’s second product focused on sustainable investing, following the launch of the New Capital Climate Transition Equity fund in 2023.
This article first appeared on PA Future’s sister site Portfolio Adviser
