Royal London Asset Management (RLAM) has launched a Global Sustainable Credit Fund, expanding its range of sustainable investing products.
The Global Sustainable Credit Fund launches with £125m ($173m) of assets under management and is intended to be suitable for a broad range of investors – including retail, wealth managers and institutions – seeking a total return over the medium term with a typical horizon of three to five years. The fund's investment objective is to outperform the Bloomberg Barclays Global Aggregate Corporate Total Return Index Hedged USD by 0.75% per annum over rolling three-year periods.
Managed by Rachid Semaoune, a senior fund manager with almost 20 years' experience working in fixed income markets, the fund will seek to exploit inefficiencies across global credit markets, combining RLAM's credit expertise with its broad range of sustainable investing resources including specialists in ESG, as well as an external advisory committee to construct a global portfolio diversified by geography, currency, sector and issuer.
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