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This new sustainable bond fund from BNP Paribas Asset Management is a Section 9 fund under the SFDR Regulation.
The selection of bonds and issuers of the Social Bond Fund is in line with BNPP AM criteria for sustainable investment.
The fund invests in three main areas:
- At least 75% in bonds with a social or sustainable label. These are the links of companies or organizations that promote access to essential services. Think water, health, affordable housing, employment, food security, social and economic progress, or basic infrastructure.
- Up to 25% of bonds issued by socially responsible companies, which are selected on the basis of the rating model developed by BNPP AM. This model identifies the degree of inclusion of exporters and ranks them according to social practices aimed at reducing inequality.
- Up to 10% in microcredit instruments that help small businesses and individuals in emerging markets access financial services.
The fund was launched on November 23 and can be sold in Belgium, France, Germany, Greece, Italy, Luxembourg, Switzerland, Portugal and Spain as well as the Netherlands.
from IEXProfs Editors It consists of several journalists. The information in this article is not intended to be professional investment advice, or as a recommendation to make certain investments. Editors may hold positions in one or more of the listed funds. Click here for an overview of their investments.
