Canadian asset manager Desjardins Global Asset Management recently delegated the management of a CAD100m (€69m) global green bond fund to Natixis’ SRI boutique Mirova.
The Desjardins SociéTerre Obligations environnementales fund will apply the strategy of Mirova’s Global Green Bond and invest in debt securities that support the environmental and energy transition.
It will be managed by Christopher Wigley and Marc Briand, head of Fixed Income at Mirova.
Michel Lessard, Vice President of Desjardins Global Asset Management, said: “By financing tangible assets, green bonds fill direct, concrete needs: they enable issuers to diversify their investor base and investors to actively participate in financing the energy transition. We are delighted, alongside Mirova, to commit to this energy transition by launching the Desjardins SocieTerra Environmental Bond Fund, the first green bond fund on the Canadian market.”
Desjardins Global Asset Management manages over CAD74.8bn (€51.6bn) in assets.