Neuberger Berman launches sustainable action HY fund

Neuberger Berman has expanded its ESG fund offering with the launch of a global high yield fund investing in corporate credit securities that meet sustainable investment criteria. The Fund will focus on income generation via a diversified portfolio of 90-150 issuers, with a quality focus on BB and B credit. The strategy will target best-in-class issuers through systematic evaluation of ESG factors and negative exclusion criteria, with the emphasis on active engagement with issuers on ESG factors. Engagement objectives for each issuer are established and aligned with the United Nations...