Spanish independent asset manager Tressis steps up its efforts in favor of sustainable investing with the launch of a SRI short-term fixed income product.
Adriza Renta Fija Sostenible invests exclusively in short-term debt, both public and private, in euro. The average portfolio duration is between six and 12 months and its annual volatility stands below 2%.
The Fund takes the Barclays Euro-Aggregate 1-3 year Total Return Index Hedged EUR index as its benchmark and can invest up to 100% in fixed-income issuers of low credit ratings, having the possibility to allocate up to 10% into emerging markets and in other currencies than euro.
With regards to the fund's SRI investment approach, it is carried out following both exclusion and valuation principles. As per the exclusionary criteria,the strategy will not invest in companies that threaten human life or dignity and/or go against the protection of the environment and health. In relation to the valuation criteria, the fund will invest in fixed income products contributing to the fight against poverty, hunger , inequality and climate change, as well as to the promotion of health, wellbeing, responsible consumption and good corporate governance, protection of the environment and human and labor rights.
Managed by Javier Muñoz, general director of Tressis Gestión, the fund is aimed at conservative investors "who are looking for a preservation of capital, but have been harmed by the low profitability of the monetary funds in recent years, due to the low level of interest rates," read the fund's literature.