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 ES...