Sustainable Global Investment Grade Credit
Aiming to deliver positive total return and invest in sustainable companies
Gründe für ein Investment

We seek to identify companies that stand to benefit from the pivot towards sustainability that is taking place in the economy, driven by increased regulation, changing consumer preferences, and shifting value chains.
Warum Sustainable Global Investment Grade Credit?
Unser Ziel ist es, attraktive Emittenten von Unternehmensanleihen mit Investment-Grade-Rating zu identifizieren, die den nachhaltigen Anforderungen des Fonds entsprechen und bei denen wir Bewertungsanomalien in verschiedenen Regionen, entlang der Kreditkurven und innerhalb der Kapitalstrukturen sehen.
Wie wir investieren
Durch Top-down-Analyse ermitteln wir unsere Risikofreudigkeit und die Renditeaussichten verschiedener Regionen, Ratings und Sektoren. Anhand unserer Bottom-up-Analysen identifizieren wir dann Emittenten von Investment-Grade-Unternehmensanleihen mit starken Fundamentaldaten. Diese Emittenten müssen auch mit den nachhaltigen Grundsätzen des Fonds übereinstimmen.
The strategy takes a flexible and dynamic approach to duration and curve considerations. The aim of our exposure in this space is to protect the portfolio against adverse macro events but, over time, it also constitutes a source of alpha.
We determine overall target duration and curve exposure at monthly Multi-Asset Credit Strategy Meeting (MACSM), where the investment team debates macroeconomic themes and aims to identify key risks to our outlook.
Given our global approach, we believe it is important to look at duration and macro risks across regions and along the yield curve, with the recognition that not all countries or parts of the yield curve are affected in the same way by central bank policies.
We engage with companies to improve their impact on society and the environment. Our dedicated lead engager manages a team of three engagement specialists, and is responsible for driving the strategy’s impact agenda. They are supported by EOS at Federated Hermes Ltd (EOS), our leading global stewardship team.
Anlageprozess

Company and security selection
We perform bottom-up sustainability research and analysis on a refined investment universe, with a focus on identifying companies that solve environmental or social challenges we face as a society.
We assess companies’ operating, financial and ESG strengths, views that we combine with insights from analysts and engagements. Following this, we search for relative value across issuers’ capital structures.
Portfolio construction
Our credit scores and outputs from our bottom-up sustainability research determine our base position weights. In general, a high Sustainable Leaders (SL) score will tend to equate to a higher weighting in the portfolio to reflect the maximum impact on the sustainable objective.
We refine the weightings based on the risk profile (convexity, liquidity, curve, instrument type, etc.) of securities.
Team

Orla Garvey
Senior Portfolio Manager

Nachu Chockalingam, CFA
Head of London Credit
Produktinformationen
Aktuelle Wertentwicklung und wichtige Informationen – einschließlich Kursen, wichtigen Fakten, Kennziffern und Bewertungen