Wellington Management has unveiled Global Impact Bond fund. This Ucits-compliant global fixed income fund seeks to have a measurable, positive impact on some of the world's major social and environmental challenges while also seeking to deliver attractive long-term total returns for investors.
The fund, which is diversified across sectors, invests predominantly in investment-grade global fixed income securities whose issuers are helping to address these challenges.
It complements the firm's existing impact equity product, the Wellington Global Impact fund, and benefits from Wellington's extensive global, cross-discipline research resources, which help to drive idea generation.
The new strategy aims to provide a return profile that is similar to the global fixed income universe, making it suitable as a core holding, and has the potential to outperform the Bloomberg Barclays Global Aggregate Hedged to USD Index.
The fund manager is Campe Goodman, a member of Wellington's Broad Markets team who manages multi-sector fixed income portfolios. Goodman has 20 years' industry experience in asset allocation across the major fixed income sectors and is also the lead manager on Wellington's Multi-Sector Credit fund. Outside of the firm, he chairs the board of a non-profit organisation that provides career skills development and job search support for underserved or disadvantaged individuals.
In recent months, Wellington has also launched two other sustainable investing funds, both in the equity space. The Wellington Climate Strategy fund is a Ucits version of its long-running climate investing approach, while the Wellington Global Stewards fund is focused on companies displaying exemplary accountability to stakeholders for every aspect of sustainable growth, including ESG factors.