NN Investment Partners (NN IP) has launched NN (L) Corporate Green Bond fund. It will complement NN IP's existing range by applying the same strategy as the NN (L) Green Bond fund but with a specific focus on corporate bonds.
NN I's flagship NN (L) Green Bond fund, which invests in corporate and sovereign bonds, is one of the largest open-ended green bond funds in the market and is ranked in the top decile among its peer group. Since inception, it has achieved an annualised outperformance against the benchmark of 0.6%.
NN (L) Corporate Green Bond further extends NN IP's green bond range, which also includes a short-duration variant for investors who wish to protect their portfolio against rising interest rates and still have a positive impact. All three of NN IP's green bond strategies apply the same stringent selection criteria to determine the investment universe and take a high-conviction view on the investment candidates from a fundamental perspective. The combined assets in NN IP's green bond strategies and mandates now amount to around €2.4bn in total.
Bram Bos, lead portfolio manager Green Bonds at NN Investment Partners said: "The green bond market really took off in 2019 and is now larger than the European high yield market, for example, in terms of volume. This makes it a fully-fledged fixed income segment in its own right. We are positive this growth is set to continue. Our recent analysis of the performance of green bond indices compared to regular bond indices also makes a compelling argument for green bonds in a broader context, not just for investors with a specific impact focus."
NN (L) Green Bond, NN (L) Green Bond Short Duration and NN (L) Corporate Green Bond are sub-funds 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-funds are currently registered in Luxembourg, Denmark, Sweden, Norway, Finland, Belgium, France, the UK, Austria, Italy, Switzerland and the Netherlands.