AXA Investment Managers has launched the AXA WF US High Yield Low Carbon Bonds Fund.
The fund will exclude carbon intensive sectors including metals, mining and steel producers, utilities, and most sub-sectors within energy. In addition, the ESG scores of companies will be considered in the investment process which include screening measures to minimise exposure to companies with low ESG scores.
Within the overall portfolio, at least 90% of companies will have an ESG score, at least 90% will have a carbon intensity score, and at least 70% will have a water intensity score. The fund has the ability to invest in companies that we believe demonstrate credible plans for reducing carbon and water intensity in the future or offer products that help other businesses improve their environmental footprints.