NN Investment Partners (NN IP) saw a significant increase in the management of green bond portfolios in Q2 2018. Assets under management increased from €20m in 2016 to approximately €900m in July 2018 and is expected to grow rapidly to over €1bn.
The NN (L) Euro Green Bond fund has been performing best over the past years and has grown into the world’s largest Green Bond fund with €560m in assets under management. This is due to the global growth of the green bonds market and the increasing demand from retail and institutional investors for sustainable and environmentally friendly investments, without sacrificing returns.
The green bond market has grown to more than €300bn. NN IP has a 20-year track record in the field of responsible and sustainable investing and has been an active signatory of the Principles for Responsible Investment (PRI) since 2008. With the launch of the NN (L) Euro Green Bond fund, NN IP stood at the cradle of the fast growing global green bond market in 2016.
The fund is also the first Green Bond fund to receive both the LuxFLAG Climate Finance Label and the French TEEC Label. This provides independent assurance that the investments effectively contribute to the financing of climate change initiatives and emphasizes the dark green and rigorous approach of the Fund in selecting green bonds.
NN (L) Euro Green Bond fund is a sub-fund of NN (L) (SICAV), established in Luxembourg. NN (L) (SICAV) is duly authorised by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Selected share classes of the sub-fund are currently registered in Luxembourg, The Netherlands, Belgium, France, Sweden, Denmark, Finland, Switzerland, Spain, Italy and Austria.