Nordea Asset Management (NAM) – a global leader in sustainable and responsible investments – has extended its range of ESG investment solutions tackling social and societal challenges by launching the Nordea 1 – Global Social Bond Fund (ISIN BP-EUR: LU2555222566/ BI-EUR: LU2555222723).
The Nordea 1 – Global Social Bond Fund (“The Fund”) is an Article 9 solution that qualifies under SFDR regulation because it invests in social bonds that are focused on sustainability objectives, adheres to principles of good governance and abides by the “do no significant harm” mandate. The fund is managed by Thede Rüst and Anton Nykvist, the same team behind Nordea 1 – Global Green Bond Fund. The duo will leverage the insights and expertise of NAM’s renowned 27-strong Responsible Investments Team.
The Fund invests in labelled Social Bonds and debt issued by corporates that contribute positively to social and environmental objectives to create beneficial impact and generate sustainable stakeholder value. It is the fifth solution NAM has brought to market to address the S in ESG, alongside Nordea 1 – Global Green Bond Fund, Nordea 1 – Global Social Empowerment Fund, Nordea 1 – Global Climate and Social Impact Fund and Nordea 1 – Global Gender Diversity Fund.
“We are incredibly excited about the launch of Nordea 1 – Global Social Bond Fund, as debt markets play a crucial role in funding the projects vital for a sustainable and more equitable future. The solution focuses on the “S” in ESG which is increasingly a focus area for investors. We cannot achieve a sustainable world without tackling the pressing social problems facing society today.”Thede Rüst, portfolio manager of Nordea 1 – Global Social Bond Fund
The majority of Nordea 1 – Global Social Bond Fund assets are invested in debt issued by government related and supranational agencies, but it also invests in debt issued by financial institutions and corporates. The Fund offers an attractive alternative for anyone looking to increase the social impact of their core fixed income holdings.