A green bond is one whose proceeds are directed exclusively to financing projects that have a positive environmental impact. However there is still no one widely accepted definition of what constitutes green.
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INVESTMENT CAPABILITIES
Global Green Bonds
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 Barclays 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 – sovereign and corporate investment process awarded A+ in the 2020 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
*Please refer to www.unpri.org for the Principles for Responsible Investments (“PRI”) assessment methodology. Mondrian’s full Assessment Report and Transparency Report may be requested via the PRI Data Portal.
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All information is as of March 31, 2021 unless otherwise noted.