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ODDO BHF integrates ESG factors into the bond universe
Foto Pixabay
ODDO BHF Asset Management also includes ESG aspects in the investment process for bond portfolios
ODDO BHF Asset Management will also be in the future Evaluating the criteria It starts with the Luxembourg fund ODDO BHF Euro Corporate Bond. This will be the first bond fund to include ESG factors in its investment process. Until now, this has only been the case with the strategies of fairness.
In the future, ODDO BHF AM will manage investments of a total amount of 7.5 billion euros according to ESG criteria (environmental, social and corporate governance standards). ). This corresponds to approximately 12% of assets under management.
The ESG integration is an additional component of the fundamentally based investment process that has been implemented in equity portfolios for more than six years. The ESG process for Euro Investment Grade corporate bond portfolios initially involves negative screening and the exclusion of issuers with very high ESG risks. In a second time, the ESG valuation complements the basic credit analysis that serves as the basis for portfolio construction.
The ESG rating affects the valuation of equities. In contrast, with corporate bond issuers, this affects the weight of the respective issuer in the portfolio. In both cases, fund management aims to limit specific risks to the ESG and contribute to sustainability goals.
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