Affirmative Global Bond Fund
Colonial First State (CFS) has teamed up with Affirmative Investment Management (AIM) to launch the Affirmative Global Bond Fund, which focuses on global fixed income and cash investments that aim to generate positive environmental impacts and social benefits.
Investments in the fund need to pass impact and environmental, social and governance (ESG) screens and the fund has a medium to long term investment horizon.
“Responsible investing has often been perceived as coming at a cost; either lower returns or increased risk. Our approach seeks to combine mainstream portfolio management and impact, without compromising either," AIM co-founder and managing partner, Stephen Fitzgerald, said.
Peter Chun, general manager distribution, Colonial First State said the new fund reflected the growing demand for investment products that adopt meaningful and measurable sustainable practices.
The fund will initially be offered on CFS’s FirstChoice and FirstWrap platforms from May 2018.