AllianceBernstein has launched two new sustainable funds to add to its current sustainable fund range - Sustainable Global Thematic Credit Portfolio and the Sustainable European Thematic Equity Portfolio.
The funds exclusively invest in themes derived from the UN Sustainable Development Goals (UNSDGs) in companies that provide products and services addressing these objectives. The focus of the Strategy is primarily on positive social and environmental outcomes. The funds will take an active, bottom up stock and security selection approach and evaluate the ESG issues and credentials of each company to assess both risk and opportunity. The two new funds will draw on the strategy of the current sustainable funds, the AB Sustainable Global Thematic Portfolio and the AB Sustainable US Thematic Portfolio.
The Sustainable Global Thematic Credit Portfolio will typically hold between 75 to 125 bonds. It will primarily invest in corporate bonds of which minimum 20% will be green bonds. The fund's holdings will align with the UNSDG's and be focusing on three themes climate, health and empowerment.
The Sustainable European Thematic Equity Portfolio will hold around 40-60 European stocks with a high active share against MSCI Europe. The fund will invest exclusively in companies aligned with forward-looking sustainable investment themes.