CFS launches new ESG global fixed income fund
Colonial First State has announced the launch of their new global fixed income offering, the Affirmative Global Bond Fund, following an agreement with Affirmative Investment Management (AIM).
The arrangement would bring the world’s first dedicated impact bond funds manager to retail investors in Australia, building on the growing demand for impact investing.
The new fund is a diversified investment-grade portfolio for medium to long-term investments, and the universe consists of issuers and issues that have passed an environmental, social and governance (ESG) impact screen.
General manager of distribution, Peter Chun, said the new fund reflected the growing demand for investment products that adopt meaningful and measurable sustainable practices.
“It enables our investors who wish to make a positive impact on society and the environment to mobilise their capital with a clear understanding of how their assets will be deployed, without compromising on risk or returns,” said Chun.
Chun said CFS’ new partners were “highly specialised” global investment managers that enabled exclusive access to a broader suite of funds.
Co-founder and managing partner of AIM, Stephen Fitzgerald, said responsible investment could be perceived as coming at cost, but AIM’s approach was to combine portfolio management and impact without compromising either.
Recommended for you
Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend.
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
