Paris-based Axa Investment Managers (Axa IM) has launched its first multi-asset impact fund.
The Axa WF Multi-Asset Optimal Impact fund will invest in securities with a “positive social and environmental impact” while aiming to generate financial performance based on strong conviction.
Fund managers will be allowed to invest up to 100% in debt securities, including inflation-linked, green, social and sustainable bonds, as well as up to 75% in equities.
The fund has been awarded the French SRI Socially Responsible Investment label. Five per cent of its management fees will be donated to charities: a donation which has applied to all Axa IM impact fund range since May.
Serge Pizem, head of multi-asset at Axa IM, said: “By integrating positive ESG criteria, and excluding certain assets, the impact investing element of the fund covers a broad range of complex social and environmental objectives that aim to build a better future.”
The fund is registered and available to professional and retail investors in Austria, Belgium, Switzerland, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden and the United Kingdom.
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