Brown Advisory has announced the launch of its new framework for analysing sovereign bonds against ESG criteria.
The new framework allows the firm to provide clients with exposure to the international sovereign debt market combining an assessment of a country’s ESG risks and opportunities that is comparable across countries. The ESG framework helps underpin Brown Advisory’s new Global Sustainable Total Return Bond Fund, which launched earlier this month.
Ryan Myerberg, Portfolio Manager, Brown Advisory Global Sustainable Total Return Bond Fund, says, “One size does not fit all when assessing the sustainability profile of sovereigns. We’re excited to launch this new framework which is systematic across asset classes and geographies, but flexible enough to capture the nuances that pertain to each coun¬try and the connections across and between different ESG factors. The ability and reach of sovereign issuers to address key environmental and social challenges goes well beyond the scope of a corporate issuer, while sovereign ESG analysis also has the potential to reduce risk and allow us to identify compelling investment opportunities across both government and corporate bonds.”