The Sky Harbor Global Funds-Short Maturity Sustainable High Yield Bond fund has been granted the ESG Label from LuxFLAG, the Luxembourg labelling organisation.
Registered in 15 European countries, the fund launched at the end of 2018 with a focus on income, preservation of principal and low volatility. Its ESG focus is on factors aimed at minimising environmental degradation and controversial activities, and promoting diversity, transparency and sustainability leadership. It excludes fossil fuels, munitions, tobacco, alcohol, adult entertainment and gambling sectors and is aligned with European Sustainable Investment Forum aspirations.
Sachin Vankalas, general manager of LuxFLAG, said: "We are pleased to announce that Sky Harbor Global Funds-Short Maturity Sustainable High Yield Bond fund complies with the eligibility criteria of the LuxFLAG ESG Label and is granted the use of the label from 1, 2019 through 30 June, 2020."