Union Bancaire Privée (UBP) has strengthened ESG capabilities with launch of emerging markets fixed income fund: UBAM – EM Sustainable High Grade Corporate bond. This launch reflects a strengthening in UBP’s approach to responsible investing and a commitment to further developing its environmental, social and governance (ESG) capabilities.
Managed by Denis Girault, head of Emerging Market Fixed Income at UBP, the new fund combines UBP’s own know-how and extensive in-house credit and ESG analysis with the expertise of MSCI ESG Research LLC, which will provide both quantitative and qualitative screening and help the bank invest in emerging market investment-grade corporate issuers with high ESG ratings.
In addition to identifying issuers that are performing better than their peers on environmental, social and governance issues, the fund’s screening process will exclude companies from a number of sectors with a negative sustainability impact. The portfolio is comprised of approximately 50 issuers from some 20 countries.
The fund further expands UBP’s emerging market fixed income fund range which already consists of three corporate strategies (UBAM – EM Investment Grade Corporate Bond, UBAM – Emerging Market Corporate bond, and UBAM – EM High Yield Short Duration Corporate bond), a sovereign strategy (UBAM – Emerging Market Sovereign bond) and an unconstrained strategy (UBAM – Emerging Market Debt Opportunities). It is available to investors in Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Singapore, Spain, Sweden, Switzerland and the UK.
Commenting on the launch, Denis Girault said: “Just like their developed market peers, many emerging market corporate issuers have decided to reinforce their ESG practices. This new fund aims to favour such responsible investment leaders and reflects UBP’s commitment to delivering best-in-class ESG investment capabilities to our clients, who show significant appetite for such solutions.”