INVESTMENT CAPABILITIES
Global Green Bond
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This strategy invests in green bonds, where a green bond is principally defined in line with the International Capital Market Association (ICMA) green bond principals as any type of bond instrument where the proceeds will be applied to finance or refinance in part or in full new and/or existing projects that are beneficial to the environment. This can include climate change mitigation, climate change adaptation, natural resource conservation, biodiversity conservation and pollution prevention and control. Bonds invested in will be treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. The strategy is typically benchmarked to the Bloomberg MSCI Global Green Bond Index and can be managed on a currency hedged or unhedged basis.
Why Mondrian for Global Green Bonds?
Mondrian have strong track records in global fixed income, of which green bonds is an emerging sub-set
- Integrated green analysis – identifying truly green bonds
- Comprehensive ESG integration and engagement – sovereign and corporate investment process awarded 5 Stars in the most recent PRI assessment*
- Financially robust, employee-owned firm – long-term continuity and stability
- Stable, well-resourced team with expert knowledge of the asset class
- Disciplined process that has been shown to work over a long period
- Not reliant on “star managers” with potentially unrepeatable calls
- Nimble – manageable AUM and focused team means we can continue to rapidly exploit opportunities
- Competitive management fees
* PRI (Principles for Responsible Investment) scores are based on information reported directly by PRI signatories. All signatories are required to participate and must complete the Reporting Framework to be included. Scores are not indicative of past or future investment performance. Mondrian has not solicited or paid for any of these scores. Mondrian pays signatory dues as part of its obligations as a signatory to the PRI.
Please refer to www.unpri.org for the PRI assessment methodology. Mondrian’s full Assessment Report and Transparency Report may be requested via the PRI Data Portal.
2021 PRI Assessment Scores: Investment & Stewardship Policy: 3 Stars; Direct-Listed equity-Active fundamental–incorporation: 4 Stars; Direct-Listed equity-Active fundamental–voting: 3 Stars; Direct-Fixed income–SSA: 5 Stars; Direct-Fixed income–Corporate: 5 Stars.
Performance
As of June 30, 2023
Global Green Bond Composite (EUR)
Global Green Bond Composite (EUR)
As of June 30, 2023
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Global Green Bond Composite (EUR)
Global Green Bond Composite (EUR)
Global Green Bond Composite (EUR)
News and Insights
Mondrian’s Purchasing Power Parity (PPP) Approach
Reading Time: 2 minutes Purchasing Power Parity method (PPP) provides a consistent measure of value across all currencies – a process we have employed since the founding of our firm in 1990.
US Dollar Beginning to Fall Sharply
Reading Time: 2 minutes Only the second time the USD has been over 2 standard deviations overvalued, If history is any guide, the dollar could have much further to fall, boosting the return on unhedged global bonds vs US domestic bonds.