GAM has launched a new strategy that will focus on green and sustainability bonds issued by European financials.

The sustainable climate bond strategy will be managed by Atlanticomnium, a Geneva-based fund management company that specialises in credit investing. GAM says the strategy adopts an active, bottom-up, high-conviction approach, investing in bonds which allocate proceeds to eligible green projects across market caps with measurable impact, such as renewable energy and green buildings. The strategy has an average rating of BBB+ and is classified as Article 9 under SFDR.

Gregoire Mivelaz, fund manager at Atlanticomnium, said, “Climate change is one of the largest and most pressing risks for the global economy and banks have a pivotal role in driving the environmental transition, by supporting both large and small companies. We believe that our expertise investing in financials and a robust bottom-up approach to green bond selection are key to generating a positive environmental impact for our investors.”