Robeco launches Article 9 climate high yield bonds fund
The strategy was the latest addition to the Dutch asset manager's suite of high yield and climate related strategies, such as climate credits and climate global bonds.
Measured against Solactive's Paris-aligned benchmark, the Climate Global High Yield Bonds fund utilises the potential sustainability impact of asset owners from a bondholder's perspective and holds an Article 9 rating.
The strategy was the latest addition to the Dutch asset manager's suite of high yield and climate related strategies, such as climate credits and climate global bonds.
Robeco said the high yield sector traditionally tends to have a higher carbon footprint compared to investment grade bonds due to its sector composition and industry focus.
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The strategy aims to contribute to a 7% reduction in overall emission intensity in the portfolio, on a yearly basis. Moreover, it starts with a 50% lower carbon intensity than the current investment universe and excludes fossil fuel-related activities.
Sander Bus, high yield CIO at Robeco, said: «The Climate Global High Yield Bonds strategy naturally fits our sustainable investment philosophy. We believe in safeguarding economic, environmental, and social assets to ensure a healthy planet where people can thrive for generations to come. We provide solutions to our clients wherever they are on their sustainability journey.
»This new strategy offers access to the high yield market with a significantly lower carbon impact than traditional high yield products. Our quality-tilted investment approach coupled with climate-focused considerations make our Climate Global High Yield Bonds a unique and impactful choice."
The fund has so far raised €125m seeding
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