Mirabaud AM adds climate bond fund

Mirabaud Asset Management has launched the Mirabaud Global Climate Bond fund.

Mirabaud says the strategy targets global issuers with strong commitments to emissions reduction and carbon neutrality over time. The fund will invest in green bonds which are issued explicitly for climate-related and low-carbon investments and in line with the Paris Climate Agreement targets.

The fund is benchmarked against the Barclays Global Aggregate Bond Index and the portfolio itself will maintain a weighted average temperature of sub 2°C and net zero in line with the Paris Agreement targets. The fund is managed by Andrew Lake, Mirabaud Asset Management’s head of fixed income, and Fatima Luis, senior fixed income portfolio manager.