New global fixed-income fund targets Aussie managers
Edinburgh-based fixed-income manager, Cameron Hume, has announced the launch of its new fund, the Global Fixed Income Environmental, Social and Governance (ESG) fund, which will target institutional investors, discretionary fund managers and wealth managers in developed markets across Europe and in Australia.
The actively managed fund would offer exposure to a globally diversified portfolio of up to 400 fixed-income securities from issuers who would be able to demonstrate higher average ESG ratings.
It would also aim to outperform the Bloomberg Barclays Global Aggregate Index while excluding issuers involved in the production of controversial weapons or countries that were subject to United Nations, European Union or United States sanctions.
According to Cameron’s co-founder and chief investment officer, Guy Cameron, his fund would take a “returns-based” rather than a “value-based” approach, hoping to better manage ESG exposure for their fixed-income allocation.
“By using CaTo [Cameron Hume Tools] we are able to value individual corporate bonds within industry sectors and use third-party ESG ratings to evaluate the potential quality of over 3,000 investment-grade and high-yield bonds,” he said.
Recommended for you
Pinnacle remains a “standout” fund manager, according to Morningstar, amid a challenging backdrop for active asset management and the addition of a new global equities affiliate from the UK.
Platinum Asset Management saw outflows of $1.65 billion in April, partly as a result of redemptions from institutional mandates and product rationalisation initiatives.
In this latest Meet the Manager profile, Money Management speaks with Ophir Asset Management co-chief executive Andrew Mitchell.
There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney tonight.
