BlueBay is expanding its ESG fixed income offering. It has been working with global investment consultants Mercer and PKH, a leading Nordic pension fund, to establish an investment strategy focusing on investment returns in the high yield asset class whilst including ESG analysis, to add to its existing approach of ESG investment risk management, which applies across all managed assets.
The ESG investment strategies applied to the new flagship strategy have been developed by BlueBay, incorporating the ESG investment policy of the (Norwegian) Government Pension Fund Global managed by Norges Bank. These strategies encompass controversial weapons, tobacco and coal-based energy as well as norm based screening, integration and engagement.
Raphael Robelin, chief investment officer at BlueBay commented, “BlueBay was founded in 2001 in response to new opportunities in the debt market. Our strength is in our pro-activeness in anticipating the needs of our clients and market trends. Fifteen years on, we believe we are facing the start of another important market development – the application of ESG investment strategies to the debt asset class.”
He further added, “the launch of this ESG offering illustrates BlueBay’s ongoing commitment, as a specialist fixed income manager, to incorporating ESG and demonstrate innovative and proven new approaches to investing across the asset class.”
The strategy has been established in a Luxemburg UCITs structure, called the BlueBay Global High Yield ESG Bond fund.