London-based asset manager EdenTree Investment Management has launched a global government bond fund.
Managed by EdenTree’s Head of Fixed Income, David Katimbo-Mugwanya, the new fund targets at least 80% asset exposure to government and government-related green, social, sustainable or impact bonds, the proceeds of which finance new or existing projects that support a reduction in carbon emissions caused by human activities and/or enable greater access to services that empower communities around the world.
From a global sovereign debt universe, the responsibility of governments and government-related entities is assessed through EdenTree’s proprietary Oppressive Regime screen*.
Katimbo-Mugwanya said: “Urgent steps are needed to address global sustainable development funding requirements, and governments have a unique ability to mobilise capital at scale through vast debt issuance programmes, placing them in a prime position to fund projects that tackle these societal challenges.”
