Dutch boutique launches sustainable fixed income fund

Amsterdam-based responsible asset manager DoubleDividend has unveiled the DD Income fund (DDIF), that will be traded as from 3 September 2018 via Euronext Amsterdam.

The multi-strategy fixed income fund invests globally in sustainable government bonds of developed and emerging countries, corporate bonds (investment grade and high yield) and in microfinance instruments as well as other financial instruments with a stable income.

It will hold 50 to 150 fixed income positions and seeks to outperform 3-month Euribor by 100 to 200 basis over a full economic cycle.

Examples of names in portfolio include Spanish energy producer Iberdrola, German wind turbine manufacturer Nordex, financial group Nationwide, property investor Akelius, clothing company Levi Strauss and pharmaceutical company Teva.

The DD Income fund ups to three the number of strategies managed by DoubleDividend.

The news was first reported by FondsNieuws.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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