Green Ash Partners has launched a sustainable short duration credit fund.

The Sustainable Short Duration Credit fund will invest in investment grade and high-yield bonds that demonstrate “best in class” ESG criteria within their sectors, with a maximum legal maturity of five years, a maximum modified duration limit of two and a half years and an average minimum portfolio rating of BBB-.

A positive screen will see the fund invest in companies that are “taking positive steps” to meet ESG and sustainability goals, while the negative screen will exclude sectors including tobacco, weapons and coal.